The improvements in economic performance recorded in the third quarter and, in particular, in the fourth quarter of the year were not enough for the Kuehne+Nagel logistics group to close the full year 2024 with profit growth compared to the previous year, which had marked a decisive Decline in results ( of 1 March 2024).

Last year, the company's total net sales amounted to 24.8 billion Swiss francs (26.4 billion euros), with an increase of +2.7% on 2023 and with a contribution of 9.3 billion from maritime shipments (+7.9%), 7.3 billion from air shipments (+5.3%), 3.5 billion from road shipments (-1.7%) and €4.7 billion from contract logistics (-0.8%). The group's EBITDA was 2.5 billion Swiss francs (-7.5%) and profit operating at over €1.6 billion (-13.1%), with a contribution of €851 billion million from maritime shipments (-16.2%), 478 million from air shipments (-13.9%), of 98 million from road shipments (-26.3%) and 227 million from contract logistics (+13.5%). Kuehne+Nagel closed the financial year with a net profit of over CHF 1.2 billion (-16.0%).

In the fourth quarter of 2024 alone, the group's net sales stood at 7.4 billion, with an increase of +18.8% on the same period as 2023. EBITDA and EBIT were equal respectively to 632 million (+21.5%) and 421 million (+30.7%). Quarterly net profit was CHF 315 million (+11,3%).

In the October-December quarter of last year, the turnover net shipping was 2.6 billion (+43.7%) and the business segment recorded an EBITDA of 250 million (+40.4%) and EBIT of 198 million (+41.4%). In the sector of air shipments net sales were 2.1 billion (+10.2%), EBITDA of 164 million (+14.7%) and EBIT of 148 million (+17.5%). Road transport operations have generated quarterly net sales of €852 million (+2.2%), EBITDA of 29 million (0%) and EBIT of 10 million francs (-28.6%). In the Contract Logistics segment Net sales were of 1.2 billion (+6.3%), EBITDA of 234 million (+15.8%) and EBIT of 65 million (+54.8%).

In the whole of 2024, the volumes of sea and air shipments handled by the group amounted to €4.3 million respectively of TEU containers (-0.6%) and 2.1 million tons (+5.5%), while In the fourth quarter alone, they totaled 1.1 million TEUs (-0.9%) and 558 thousand tons (+4.7%).