Independent journal on economy and transport policy
11:38 GMT+1
This page has been automatically translated by Original news
Declining quarterly results for Kuhne - Nagel except those generated by the air cargo
The Swiss logistics group closed the April-June period with a net profit of 170 million Swiss francs (-16.3%)
July 21, 2020
In the April-June 2020 period, the group recorded a net sales of 4.9 billion Swiss francs (4.5 billion Swiss francs) down -8.7% in the second quarter of the year). last year. EBITDA and EBIT reported contractions -6.7% and -12.6% respectively, falling to 421 million and 235 million respectively. millions of Swiss francs. Net profit was 170 million Swiss francs (-16.3%).
In the shipping sector alone, where cargoes 1.1 million teu containers (-11.7%), were affected. net sales amounted to 1.7 billion swiss francs Swiss (-11.9%), EBITDA was 94 million Swiss francs (-27,1%) operating profit of 88 million francs (-28.5%).
In the air shipping industry, where the volumes decreased by -22.0% to 315,000 tonnes, the net sales grew by 15.0% to almost 1.4 billion francs. EBITDA was 120 million francs (12.1%) EBIT at 110 million francs, or 17.0%. Kuhne - Nagel specified that the increase in results contributed to the increase in high demand for goods needed to deal with the crisis Health.
In the land shipping segment and other activities net sales of 829 million euros Swiss francs (-21.5%), EBITDA of 22 million (-38.9%) EBIT nine million (-57.1%).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
In the April-June 2020 period, the group recorded a net sales of 4.9 billion Swiss francs (4.5 billion Swiss francs) down -8.7% in the second quarter of the year). last year. EBITDA and EBIT reported contractions -6.7% and -12.6% respectively, falling to 421 million and 235 million respectively. millions of Swiss francs. Net profit was 170 million Swiss francs (-16.3%).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
