Kuehne+Nagel expects better full-year result

Operating profit and result after tax increased 9 and 11 percent, respectively, in the 3rd quarter for the Swiss logistics group, which raises its full-year forecast.

Photo: Kuehne Nagel

One of DSV's largest freight forwarding competitors, Kuehne+Nagel, continues to increase its profit in spite of difficult exchange rates, according to the company's results for the first nine months of 2015, which makes the management team increase its expectations for the full-year result.

Kuehne+Nagel is based in Switzerland and is hit by the rising Franc compared to the euro and pound, while the company benefits slightly from the strengthening dollar.

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