Independent journal on economy and transport policy
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In increase the economic results of the logistic group Kuehne + Nagel
Acquired American CFI and keniota the Trilvane, both specializing in the segment of the perishable produced ones
July 18, 2017
In according to trimester of this year logistic group Helvetic Kuehne + Nagel has achieved an improvement of the economic performances, increase that is stopped by the contraction of the results in the segment of marine shipments. The group clearly has archived item the period with a turnover pairs to 4,52 billion franchi Swiss, with an increment of +9.2% regarding 4,12 of franchi Swiss ones in the period April-june of 2016. The EBITDA is piled to 297 million franchi Swiss (+3.1%), the operating profit to 243 million franchi Swiss (+2.1%) and the profit to 191 million franchi clearly Swiss (+2.1%).
In the field of marine shipments the traffic enlivened from the group has turned out pairs almost 1,1 million container teu, with a progression of +6.5% regarding according to trimester last year. Such rise of the activity has contributed to generate an increase of the turnover clearly that it has been attested 2,17 billion franchi Swiss (to +15.5%). EBITDA and EBIT have instead marked decreases Swiss pairs respective to -7,6% and -7,9% coming down to 110 million and 105 million franchi.
In the segment of air shipments Kuehne + Nagel has totaled a traffic of 381 thousand tons of cargos, with an increase of +21.0% on the second half of the year last year. Of 1,58 billion franchi the clearly Swiss division has recorded a turnover (+20.5%), an EBITDA of 83 million franchi Swiss (+6.4%) and an operating profit of 79 million franchi Swiss (+6.8%).
The Overland division, than takes care essentially of transport via earth, has recorded a turnover of 1,08 billion franchi clearly Swiss (+2.6%), an EBITDA of 32 million franchi Swiss (+45.5%) and a EBIT of 22 million franchi Swiss (+69.2%).
In entire the first semester of the 2017 group it has totaled a turnover clearly of 8,81 billion franchi Swiss, with an increment of +8.2% on the first half last year. The EBITDA has been Swiss pairs to 554 million franchi (+1.3%), the Swiss EBIT to 452 million franchi (- 0.7%) and the profit to 356 million franchi clearly Swiss (0%).
In the section of marine shipments it is enlivened a traffic pairs to beyond 2,1 million teu (+7.7%) and is totaled a turnover of 4,26 billion franchi clearly Swiss (+13.1%). Swiss EBITDA and EBIT have turned out down respective of the -9,5% and the -10,4% to 209 million and 198 million franchi.
In the first six months of this year the total volume of air shipments has been pairs to 731 thousand tons (+18.3%). The turnover clearly of the division has grown of +18.4% to 3,08 billion franchi Swiss and in increase they have turned out also the EBITDA and the attested EBIT respective to 159 million franchi Swiss (+2.6%) and 151 million franchi Swiss (+2.7%).
The Overland division has closed the first semester of 2017 with a turnover of 2,13 billion franchi clearly Swiss (+3.8%), an EBITDA of 49 million franchi Swiss (+32.4%) and a EBIT of 29 million franchi Swiss (+70.6%).
"The results of the first semester of 2017 - the managing director of Kuehne + Nagel International has commented, Detlef Trefzger - have clearly turned out of our strategy oriented to the increase of the activity so as of the efficient management of the costs, than they have allowed us to contrast the persistent pressure on the margins in the fields of marine and aerial shipments. The remarkable improvements in the fields Contract Logistics and Overland - it has added Trefzger - mainly have had to the success of the performance of our strategies of market".
Announcing today the results of the first semester of 2017, the Swiss group has returned notes also two acquisitions. Draft of the American shipment house CFI, Commodity Forwarders Inc. and of that keniota Trilvane Ltd., both specializing in the segment of the perishable produced ones. CFI has center to Los Angeles and 14 other offices in the USA in which they work beyond 700 dependent. With 130 dependent, the Trillvane is active mainly in the export of flowers and destined vegetables at the market European, in particular to the United Kingdom.
Kuehne + Nagel has evidenced that the acquisitions will allow to increase own activity in the field of perishable of a annual volume the pairs to beyond 150 thousand tons. "With the acquisitions, as those announced today - it has observed the president of the Swiss group, Joerg Wolle - are getting ahead at best our organic increase and strengthening our position in a market that still is fragmented".
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