
The last three months brought growth for Swiss Kuehne + Nagel, a company that competes with, among others, Danish DSV. A new financial statement reports that the group almost doubled its bottom line, to CHF 134 million, up from CHF 68 million in the same period 2012. However, the result from last year was characterized by special items for a total of CHF 65 million, says the statement. Revenue went up to CHF 5.09 million, from CHF 4.83 million.
Kuehne + Nagel increased its container volume by 2.3 percent even though the trade between Asia and Europe was in decline. And in light of the economic situation and the market conditions, the chairman of Kuehne + Nagel, Karl Gernandt, is pleased with the results from the first quarter, while also stressing that the results show that the company's focus on improving the efficiency has been successful, and that it has affected the results in air freights and contract logistics.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app