Independent journal on economy and transport policy
07:03 GMT+1
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Kuehne + Nagel posted the best quarterly financial performance ever
Record of handled air shipments, which in the second quarter of this year increased by +76.2%
July 20, 2021
In the period April-June of this year, the net sales of Kuehne + Nagel was equal to the record value of 7.24 billion of Swiss francs (EUR 6.7 billion), an increase in the +47.9% on the second quarter of 2020. More content the increase in operating costs which amounted to 1.52 billion Swiss francs (+12.6%). The values of EBITDA, EBIT and net profit have marked new historical peaks reaching respectively share 787 million (+86.9%), 605 million (+157.4%) and 446 million Swiss francs (+162.4%).
In the maritime shipping sector alone, which in the second quarter of 2021 handled loads of 1.14 million container teu (+3.8%), net sales stood at 2.85 billion Swiss francs, a value that constitutes a new historical record for the logistics group and an increase of +58.0% on the same period as last year. The division registered new records also in relation to ebitda values and of operating profit which amounted to 305 respectively million (+224.5%) and € 298 million (+238.6%).
In the field of air shipments alone, it was marked the new historical record of goods handled that were equal to 555 thousand tons (+76.2%). In this sector, turnover net amounted to 2.33 billion Swiss francs, a figure which represents an increase of +69.9% on the same period of 2020 and is second only to the historical record of 3.63 billion recorded in the third quarter of 2018. New record values are were marked both by EBITDA, which was 258 million (+115.0%), and EBIT, which totalled 243 million Swiss francs (+120.9%).
Kuehne + Nagel also obtained record financial data in the land shipping segment, with a net turnover that is result of 939 million Swiss francs (+30.2%), EBITDA of 46 million (+109.1%) and an EBIT of € 30 million (+233.3%).
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In the period April-June of this year, the net sales of Kuehne + Nagel was equal to the record value of 7.24 billion of Swiss francs (EUR 6.7 billion), an increase in the +47.9% on the second quarter of 2020. More content the increase in operating costs which amounted to 1.52 billion Swiss francs (+12.6%). The values of EBITDA, EBIT and net profit have marked new historical peaks reaching respectively share 787 million (+86.9%), 605 million (+157.4%) and 446 million Swiss francs (+162.4%).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
