Independent journal on economy and transport policy
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Another record quarter for the logistics group Kuhne + Nagel
In the period July-September strong increase in air shipments against a slight decrease in maritime ones
October 20, 2021
In the third quarter of 2021 the group recorded new record values also of the gross operating margin, of the profit operating and net income which were equal respectively to 971 million (+61.8%), 789 million (+112.7%) and 578 million Swiss francs (+117.3%). The only division that deals with maritime shipments totaled record EBITDA values and of EBIT of 494 million (+243.1%) and 487 million (+255,5%). The air freight division achieved an EBITDA of 258 million (+10.7%) and an operating profit of 239 million (+41.4%), values that are both lower only than those records marked in the second quarter of 2021. Transport activities terrestrial generated an EBITDA of 37 million (+48.0%) and an EBIT of 21 million Swiss francs (+75.0%).
Relative to the volume of operational activities carried out from the group in the third quarter of this year, shipment volumes airlines have reached the new historical record of 584 thousand tons of goods (+65.0%) while maritime shipments were equal to 1,19 million container teu, with a decrease of -1.7% on the third quarter of 2020 (the record was achieved in the third quarter of 2019 with 1.28 million teu).
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