Independent journal on economy and transport policy
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Bending of the economic results of Kuehne + Nagel in the third trimester
"the volatility - it has commented the CEO Reinhard Lange - is elevated and the fourth trimester is shown challenging"
October 17, 2011
The logistic group Kuehne + Nagel has closed the third trimester of this year with a contraction of the economic results regarding the correspondent period of 2010. The volume of transactions is piled to 4.812 million franchi Swiss, down of 9.7% regarding 5.329 million in the period July-september last year. Swiss EBITDA and EBIT have been attested respective to 226 million and 176 million franchi, with decreases of 16.6% and 17.8%, while the profit clearly has been of 143 million franchi Swiss (- 15.4%).
In the first nine months of the 2011 Helvetic group it has totaled revenues for 14.598 million franchi Swiss, with a bending of 3.8% regarding 15.178 million in the period January-september last year. The EBITDA is diminished of 2.4% to 728 million franchi Swiss, while the EBIT has grown of 0.2% to 572 million franchi Swiss. The profit clearly is piled to 457 million franchi Swiss (+1.1%).
In the first nine months of this year the single field of marine shipments of Kuehne + Nagel has generated revenues for 6.235 million franchi Swiss, down of 8.2% regarding 6.792 million in the correspondent period of 2010. The EBITDA has been Swiss pairs to 331 million franchi (the Swiss +0.6%) and EBIT to 315 million franchi (+1.6%).
The single field of air shipments of the group has archived item the first nine months of 2011 with Swiss revenues for 2.989 million franchi (- 0.4% on the same period of 2010), an EBITDA of 190 million franchi Swiss (+13.1%) and a EBIT of 178 million franchi Swiss (+14.8%).
"In consideration of the attenuation of the increase of the market - the managing director of Kuehne + Nagel has commented today, Reinhard Lange - we are satisfied of our results of the first nine months of 2011. The volatility is elevated and the fourth trimester is shown challenging".
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The logistic group Kuehne + Nagel has closed the third trimester of this year with a contraction of the economic results regarding the correspondent period of 2010. The volume of transactions is piled to 4.812 million franchi Swiss, down of 9.7% regarding 5.329 million in the period July-september last year. Swiss EBITDA and EBIT have been attested respective to 226 million and 176 million franchi, with decreases of 16.6% and 17.8%, while the profit clearly has been of 143 million franchi Swiss (- 15.4%).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
