Strong Swiss Franc impacted Kuehne+Nagel 1Q result

The strength of the Swiss Franc cut seven percent of the result in the first three months of 2015 at Kuehne+Nagel. Container volumes fell marginally.

Photo: Kuehne Nagel

Kuehne+Nagel improved earnings by two percent in the first quarter 2015 to USD 156.5 million, while net revenue and gross earnings pretty much remained the same compared to the same period last year, according to the financial report from the Swiss logistics company on Tuesday.

Profits in the first three months of the year grew, despite the strength of the Swiss Franc in relation to the Euro, which negatively affected the result by seven percent, highlights Kuehne+Nagel.

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