English Arabic Armenian Azerbaijani Chinese (Simplified) Chinese (Traditional) Czech Danish Dutch Estonian Filipino Finnish French Galician Georgian German Greek Hindi Hungarian Icelandic Indonesian Italian Japanese Korean Latvian Lithuanian Malay Maltese Norwegian Persian Polish Portuguese Russian Slovak Slovenian Spanish Swedish Thai Turkish Ukrainian Vietnamese

K+N reports earnings growth

PRESS RELEASE

October 13, 2014: In the first nine months of 2014 the Kuehne + Nagel Group gained market shares and continuously increased volumes. Compared to the previous year's period, earnings for the period improved by 8.6 per cent (currency adjusted by 12.4 per cent) to CHF 480 million.

EBIT increased by 8.2 per cent (currency adjusted by 12.1 per cent) to CHF 607 million and the operational result (EBITDA) by 4.6 per cent (currency adjusted by 8.3 percent) to CHF 743 million. Net turnover of CHF 13,004 million was slightly above the previous year's level, currency adjusted it increased by 4.7 per cent.

Seafreight
Kuehne + Nagel grew twice as fast as the market with seafreight volumes increasing by 8 per cent. In the first nine months of the year the company handled 2.9 million TEU, an additional 211,000 TEU more than in the same period of 2013. In a difficult market environment the volume development in South America was rather slow. Import activities into the USA increased and Kuehne + Nagel gained additional market shares particularly in the European and North American import business. On a 9-month comparison Kuehne + Nagel was able to keep the EBIT-to-gross profit margin (conversion rate) stable at a high level with 30.2 per cent (previous year: 30.6). Due to negative currency effects gross profit and the operational result were slightly below the previous year's figures. Currency adjusted gross profit increased by 4.1 per cent and the operational result by 2.4 per cent.

Airfreight
The situation in the international airfreight market stabilised with volumes growing between 3 and 4 per cent. Kuehne + Nagel increased tonnage by 5 per cent, representing 40,000 tons, during the first nine months. Increased volumes in the European export business and strong growth of specific services for customers from the automotive, pharmaceutical and aviation industries contributed to keep momentum high. The perishables business grew, especially in the South American trade lanes. Compared to the previous year's period, EBIT-to-gross profit margin improved from 25.1 to 27.5 per cent. The operational result increased by 5.9 per cent (currency adjusted by 10.8 per cent).

Overland
The systematic implementation of the "Road 2 Profit" strategy led to improved results in the third quarter. Sustainable progress was made in the European groupage activities, the overseas business and in the provision of specific industry solutions. Currency adjusted net turnover grew by 3.2 per cent in the first nine months and the operational result improved from CHF 22 million to CHF 47 million. EBIT increased by CHF 27 million compared to the previous year's period.

Contract Logistics
The reshaping of the contract logistics project portfolio towards focusing on complex and scalable solutions is proving effective. Target industries include automotive, high-tech, aviation, pharmaceutical and consumer goods. In addition, the concentration on end-to-end solutions generated new and profitable projects for key accounts. In the first nine months EBIT improved by 8.1 per cent (currency adjusted by 10.1 per cent) compared to the previous year. Currency adjusted net turnover increased by 5.4 per cent; EBIT margin was at 3.3 per cent (previous year: 3.1 per cent).

Dr. Detlef Trefzger, CEO of the Kuehne + Nagel Group said: "Part of our organic growth strategy is to concentrate on internationally operating customer groups, profitable growth and selective market share expansion. Additional key success factors include our strict cost control and the continuous enhancement of innovative solutions. This is clearly demonstrated by the positive development of our overland operations. The consistent implementation of our market strategies is leading to sustainable success."

More News

Written on 24/05/2017, 21:40
edelweiss-supported-by-swiss-worldcargoZURICH: May 24, 2017. Edelweiss, the leisure travel subsidiary of Swiss International Air Lines (SWISS), has acquired a second A340-300 from its parent to...
Written on 24/05/2017, 19:10
agility-settles-criminal-case-with-u-s-governmentKUWAIT CITY: May 24, 2017. Agility is to pay a US$551.00 to settle a criminal case relating to its U.S. government food-supply contracts between 2003 and...
Written on 24/05/2017, 17:10
ek-gives-vietnam-a-liftDUBAI: May 23, 2017. Emirates SkyCargo says there's been a "near five-fold" increase in fruit exports from Vietnam to Dubai in the past year. Vietnam's...
Written on 23/05/2017, 22:42
new-box-service-links-the-americasMARSEILLE: May 23, 2017. CMA CGM has launched a weekly 'AZTECA' box service in collaboration with Hamburg Süd to link the west coasts of the United...
Written on 23/05/2017, 20:01
freightweek-news-may-22-26-2017AKAGERA, Rwanda: May 25, 2017. Ten years after the black rhino disappeared from Rwanda following decades of poaching, 19 animals have now taken up...
Written on 19/05/2017, 22:01
apl-makes-a-profit-for-cma-cgmMARSEILLE: May 19, 2017. CMA CGM has reported a 35.9 percent year-on-year increase in Q1 2017 revenue to US$4.62 billion. The result includes APL figures...
Written on 19/05/2017, 17:41
no-more-need-for-sia-cargoSINGAPORE: May 19, 2017. The Singapore Airlines Group (SIA) has reported a 55.2 percent drop in net profit to S$360.4 million for its 2016/17 financial...
Written on 19/05/2017, 15:01
kalitta-adds-b747-and-b737-freighter-capacityYPSILANTI, MI: May 18, 2017. Air cargo operator Kalitta Air has taken delivery of the first of two leased 747-400F factory-built freighters from GE...
Written on 18/05/2017, 20:24
air-cargo-boom-for-garudaJAKARTA: May 17, 2017. Garuda International has reported a 19.5 percent increase in Q1 2017 cargo revenue to US$56.2 million. Despite a 6.2 percent rise...
Written on 16/05/2017, 15:55
oman-air-signs-sales-agreement-with-globe-air-cargoMUSCAT: May 16, 2017. Following its participation at transport logistic last week, Oman Air Cargo has announced Globe Air Cargo, an ECS Group subsidiary,...
Written on 15/05/2017, 23:20
freightweek-news-may-15-19-2017BIRMINGHAM, UK: May 18, 2017. Emirates SkyCargo has operated a B777 freighter from Birmingham airport in the UK to Chicago as part of a new bespoke...
Written on 15/05/2017, 20:19
saudia-cargo-part-of-record-showcase-at-transport-logisticMUNICH, GERMANY, May 15, 2017: During transport logistic 2017 last week, Saudia Cargo celebrated "Saudi Nights' - an age-old Bedouin tradition "created...
Written on 11/05/2017, 19:09
klm-and-cargonaut-test-smart-data-checkerMUNICH: May 10, 2017. A new smart technology compliance checker developed by Cargonaut to detect data errors in airwaybills is proving successful,...
Written on 11/05/2017, 17:16
maersk-back-on-the-growth-curveCOPENHAGEN: A.P. Møller - Mærsk has reported a Q1 net profit of US$253 million on a five percent increase in year-on-year revenue to US$8.96...
Written on 11/05/2017, 16:21
emirates-group-optimistic-as-profit-fallDUBAI: May 11, 2017. Emirates Group has reported a net profit of US$670 million on revenue of US$25.8 billion for its 2016/2017 fiscal period – a...
Written on 10/05/2017, 19:18
dnata-buys-cold-store-airlogistixDUBAI: May 10, 2017. dnata is to acquire perishables cargo handler AirLogistix USA based at George Bush Intercontinental Airport, Houston. The company's...
Written on 10/05/2017, 17:36
more-flights-capacity-and-hub-services-from-qatar-cargoDOHA: May 10. 2017. Qatar Airways Cargo is to begin a weekly A330 freighter service to London Heathrow on June 03 this year, in addition to its London...
Written on 08/05/2017, 21:38
dhl-opens-stuttgart-rail-centerBONN: May 08, 2017. DHL Global Forwarding has opened a rail competence center in Stuttgart to coordinate its growing rail business between Germany and...
Written on 08/05/2017, 18:57
freightweek-news-from-transport-logistic MUNICH: May 12, 2017. transport logistic reported record attendance this week - over 2,100 exhibitors from 62 countries and 60,000 visitors from...
Written on 05/05/2017, 15:45
atlas-air-off-to-an-exciting-start-in-2017PURCHASE, NY: May 03, 2017. Atlas Air Worldwide Holdings (AAWH) has reported a net loss of US$752,000 on revenue of US$475.4 million for Q1 2017....

- powered by Quickchilli.com -