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.
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.”
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