Independent journal on economy and transport policy
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Kuehne + Nagel improved its economic performance in the third quarter
Mitigation of declining revenues and lower costs
October 20, 2020
In the third quarter of 2020, shipping volumes 1.21 million containers were moveded by the group (-5.1%), while air shipment volumes were equal to 354,000 tons (-12.8%).
In the first nine months of 2020, the group's net turnover at 14.84 billion Swiss francs, with a fall in the -6.3% over the corresponding period last year, of which 5.16% billion produced by shipping (-8.3%), 3.70 billion air shipments (+5.7%), 2.38 billion from shipments (-11.3%) and 3.59 billion from contract logistics (-10.6%). Costs amounted to 4.12 billion (-11.4%). The margin group's gross operating profit was 1.40 billion francs Swiss (+4.3%) operating profit of 790 million (-0.5%), of which 304 million produced by maritime logistics (-14.8%), 350 million air logistics (+33.1%), 38 million from road logistics (-38,7%) and 98 million from contract logistics (-12.5%). The profit group net amounted to CHF 575 million (-3,8%).
In the first nine months of this year, shipment volumes totalled 3.39 million teu (-7.7%) and those of air shipments 1.04 million tons (-14.6%).
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In the third quarter of 2020, shipping volumes 1.21 million containers were moveded by the group (-5.1%), while air shipment volumes were equal to 354,000 tons (-12.8%).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
