Independent journal on economy and transport policy
13:40 GMT+1
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Negative quarterly financial and operating performance for Kuehne - Nagel
The first three months of 2020 were closed with a net profit of 139 million Swiss francs (-23.2%)
April 28, 2020
In the shipping business segment alone, maritime sector, which in the first three months of 2020 has moved 1.07 container teu (-6.2%), net sales 1.72 billion Swiss francs (-6.9%), EBITDA 86 million francs (-27.7%) operating profit at 79 million (-29.5%).
In the field of air shipments, in which 372,000 tonnes (-9.0%), and loads totalling 372,000 tonnes continued the negative trend of the previous quarter's results net sales of 1.09 billion francs 6.8%, EBITDA of 82 million (-11.8%) EBIT of 71 million (-11.3%).
In the business segment of road shipments, net sales amounted to 863 million Swiss francs (-4.2%), EBITDA at 32 million (-11.1%) EBIT at 17 million (-29,2%).
Kuehne- Nagel pointed out that already in the first quarter this year, and particularly as of last March, all the business branches of the company have been affected by the impact measures taken globally to contain the contagion of Coronavirus. "The coronavirus pandemic," he said CEO of the Swiss logistics group, Detlef Trefzger - represents an immense global challenge, so also for Kuehne and Nagel. Industrial production and trade volumes are greatly weakened. As part of this situation , he specified - Kuehne - Nagel has maintained its performance operating operations, closely following a number of activities and buying new customers. In the case of pharmaceuticals, transport volumes have increased maintained at a good level."
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In the shipping business segment alone, maritime sector, which in the first three months of 2020 has moved 1.07 container teu (-6.2%), net sales 1.72 billion Swiss francs (-6.9%), EBITDA 86 million francs (-27.7%) operating profit at 79 million (-29.5%).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
