Kuehne+Nagel closed the financial year 2022 with improved financial figures, increasing its net earnings by 30%, reaching around US$3 billion.
The company’s net turnover also increased by 20% to US$42 billion, while earnings before interest and taxes (EBIT) grew by 28% to US$4 billion and earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose by 23% to US$4.8 billion.
Additionally, the conversion rate, which describes the ratio of EBIT to the gross profit of the group, was 33.9%, with gross profit for FY2022 climbing by 12% to US$11.8 billion.
Kuehne+Nagel reported that all business units, sea, air and road divisions, contributed significantly to the company’s strong financial results.
The global transport and logistics company noted that due to the overall economic slowdown, the result in the fourth quarter of 2022 was weaker compared to the rest of the year.
Kuehne+Nagel believes the macroeconomic environment will remain challenging in 2023 due to geopolitical developments and inflation.
However, according to a company’s official, positive growth and earnings trend are also expected for the current year.
Stefan Paul, CEO of Kuehne+Nagel International AG, commented, “Now is the right time to launch our new strategic Roadmap 2026 and ensure Kuehne+Nagel’s sustainable future success with a dedicated focus on quality, customer satisfaction and employee motivation.”
