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Kuehne + Nagel more than doubles operating profit in quarter characterized by large bottlenecks

Operating profit was more than doubled for logistics firm Kuehne + Nagel in Q1, in which pressure increased on the strained supply chains. Results improved significantly within sea freight despite lower volumes.

Photo: PR / Kuehne + Nagel

Major logistics company Kuehne + Nagel reports a ”strong first quarter” with considerable revenue growth and an operating profit that more than doubled. However, the company still sees a great pressure on the global supply chains, while the Ukraine war prompts uncertainty ”in a still tense market environment.”

From the start of the year, the company has even seen the supply chain situation worsen. The supply chains have for a long time been marked by large bottlenecks at logistics hubs around the world as well as lack of capacity.

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