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
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.”

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
  • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading