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30 May 2020 The on-line newspaper devoted to the world of transports 23:07 GMT+2

April 28, 2020

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Negative quarterly financial and operating performance Kuehne - Nagel

The first three months of 2020 were filed with a profit 139 million Swiss francs (-23.2%)

In the first quarter of this year, economic and operational activity of the Swiss logistics group Kuehne Nagel have seen a significant decrease since gross turnover of 5.86 billion francs Switzerland (5.5 billion U.S. dollars), down -7.3% on same period of 2019, and from net sales that has been 4.91 billion francs (-6.2%). EBITDA and EBIT reductions of -9.6% and -24.0% respectively, and are 378 million and 184 million Swiss francs. Net profit 139 million Swiss francs (-23.2%).

In the shipping business segment alone, maritime sector, which in the first three months of 2020 has moved 1.07 container teu (-6.2%), net sales 1.72 billion Swiss francs (-6.9%), EBITDA 86 million francs (-27.7%) operating profit at 79 million (-29.5%).

In the field of air shipments, in which 372,000 tonnes (-9.0%), and loads totalling 372,000 tonnes continued the negative trend of the previous quarter's results net sales of 1.09 billion francs 6.8%, EBITDA of 82 million (-11.8%) EBIT of 71 million (-11.3%).

In the business segment of road shipments, net sales amounted to 863 million Swiss francs (-4.2%), EBITDA at 32 million (-11.1%) EBIT at 17 million (-29,2%).

Kuehne- Nagel pointed out that already in the first quarter this year, and particularly as of last March, all the business branches of the company have been affected by the impact measures taken globally to contain the contagion of Coronavirus. "The coronavirus pandemic," he said CEO of the Swiss logistics group, Detlef Trefzger - represents an immense global challenge, so also for Kuehne and Nagel. Industrial production and trade volumes are greatly weakened. As part of this situation , he specified - Kuehne - Nagel has maintained its performance operating operations, closely following a number of activities and buying new customers. In the case of pharmaceuticals, transport volumes have increased maintained at a good level."

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