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Kuehne + Nagel surpasses expectations

Swiss transportation and logistics group, and competitor to Danish DSV, Kuehne + Nagel, finished the second quarter with an operating profit, EBIT, of USD 206.8 million.

The result was better than expected for Swiss transportation and logistics group Kuehne + Nagel, a key competitor of Danish DSV, as the group finished the second quarter 2013 with an operating profit, EBIT, USD 206.8 million, according to the company's financial report, published on Monday.

That was marginally better than analysts' expectations, as according to Bloomberg News, analysts expected an operating profit EBIT of USD 205.6 million. EBITDA finished at USD 259.1 million, compared to an expected USD 257.9 million, while revenue was USD 4.53 billion, slightly less than the expected USD 4.61 billion.

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