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05 April 2020 The on-line newspaper devoted to the world of transports 21:11 GMT+2

February 27, 2020

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Original news
Kuhne- Nagel sees earnings growth and a decline in Revenues

The logistics group ended 2019 with an increase in 3.6% of net income

In the fourth quarter of 2019, as well as in the quarterly, the Swiss logistics group Kuhne improved financial results against the a marked slowdown in the revenue stream, which has resulted in mainly in the segments of shipping by sea and to accompanied by a gradual cut of the Costs.

In the October-December period of last year, gross revenues 6.30 billion Swiss francs (5.9 billion Swiss francs) billion euros), with a reduction of -3.7% on the corresponding 2018, of which 2.38 billion francs generated by the shipping (-4.7%), 1.37 billion from air shipments (-7,2%) and 1.03 billion francs from overland shipments (-0,2%). Group operating profit was 267 million Swiss francs (up 10.3%), with a contribution of 99 shipping (up 5.3%), 66 million from shipping air shipments (-21.4%) and 16 million from land shipments (-15,8%). Kuhne - Nagel filed the last quarter of 2019 with a net profit of 202 million Swiss francs (up 5.2%).

In the fourth quarter of last year, the volume of goods shipped by sea from the Swiss company was equal to almost 1.2 million container teu (up 1.6%), while the one shipped away 424 thousand tonnes (-3.9%).

In the whole of 2019, the group's gross revenues amounted to 25.29 billion Swiss francs, up 1.9% year-on-year, of which 9.75 billion 4.1%, 5.46 billion from air shipments (-2,8%) 4.10 billion from land shipments (up 2.3%). EBIT is 1.06 billion Swiss francs, or 7.5%, with a net increase in 456 million from shipping (up 9.1%), of 329 million from air shipments (-7.3%) and 78 million from shipments overland (2.6%). The group's net profit was 800 million Swiss francs (up 3.6%).

Last year, the total shipping shipments group amounted to almost 4.9 million teu (3.6%) And shipments to more than 1.6 million tonnes (-5.7%).

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