In the first half of this year, the Swiss logistics group Kuehne+Nagel experienced a significant decline in performance financial, results that however the company considers very much positive as the results achieved in 2021 and 2022, conditioned by the effects of the Covid-19 pandemic - he explained The logistics company - distort the year-on-year comparison. Exceptional economic performance, those of 2021 and 2022 that - interpreting the company's considerations - for Kuhne + Nagel it is unlikely to recur in the near future.

The Swiss group has closed the first half of 2023 with gross sales of CHF 14.2 billion (CHF 14.8 billion) billion euros), with a decrease of -36.7% on the first semester of 2022, a decrease of -6.1% on the first half of 2021, a increase of +22.9% on the first half of 2020 when already The health crisis had begun to have a major impact on the economy and with a growth of +11.8% on the first six months of the 2019 when the pandemic had not yet begun. Net sales amounted to CHF 12.7 billion, with variations percentages of -38.3%, -4.2%, +29.7% and +20.0% respectively on first semesters of 2022, 2021, 2020 and 2019. Operating margin gross was 1.5 billion (-41.2%, +8.6%, +90.0% and +74.7%), operating profit of €1.1 billion (-48.3%, +9.6%, +170.9% and +122.1%) and net profit of 860 million Swiss francs (-47.2%, +12.6%, +178.3% and +124.0%).

In the second quarter of 2023 alone, gross sales were CHF 6.7 billion, with percentage changes respectively -41.1%, -18.4%, +17.3% and +4.6% on corresponding periods of 2022, 2021, 2020 and 2019. Turnover net was 6.0 billion (-43.0%, -17.5%, +22.0% and +11,4%). EBITDA and EBIT amounted to 715 million (-43.9%, -9.1%, +69.8% and +58.5%) and 523 million (-51.3%, -13.6%, +122.6% and +94.4%) and net profit of CHF 398 million (-50.0%, -10.8%, +134.1% and +96.1%).

The only segment of shipments by sea operated by Kuehne+Nagel closed the second quarter of this year with a Net sales of CHF 2.2 billion (-56.3%, -23.1%, +31.9% and +16.2%), with an EBITDA of 303 million (-49.4%, -0.7%, +222.3% and +134.9%) and with an EBIT of 295 million (-49.7%, -1.0%, +235.2% and +139,8%). The division that deals with air shipments has Net sales of more than CHF 1.6 billion (-48.0%, -28.9%, +20.8% and +39.0%), an EBITDA of 156 million (-63.0%, -39.5%, +30.0% and +45.8%) and EBIT of 139 million (-63.5%, -42.8%, +26.4% and +47.9%). The ground freight sector has net sales of € 917 million (-12.7%, -2.3%, +27.2% and -0.2%), EBITDA of 55 million (-15.4%, +19.6%, +150.0% and +52.8%) and EBIT of € 41 million (-18.0%, +36.7%, +355.6% and +95.2%).

In the second quarter of 2023 the volumes of sea shipments and areas enlivened by the group were equal to 1,1 million container teu and 482 thousand tons, with bending of the -0.6% and -15.4% on the April-June quarter of 2022.