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09 August 2020 The on-line newspaper devoted to the world of transports 10:11 GMT+2

July 21, 2020

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Original news
Declining Quarterly Results for Kuhne - Nagel Except those generated by the air cargo

The Swiss logistics group ended the period April-June with a net profit of 170 million Swiss francs (-16,3%)

The impact of the coronavirus pandemic on activities economic performance also had a negative effect on the results of the second quarter of this year by The Swiss logistics group Kuhne Nagel, a negative effect that has been mitigated by a strong rise in economic performance in the air shipments, despite a decrease in the volume of eventful loads.

In the April-June 2020 period, the group recorded a net sales of 4.9 billion Swiss francs (4.5 billion Swiss francs) down -8.7% in the second quarter of the year). last year. EBITDA and EBIT reported contractions -6.7% and -12.6% respectively, falling to 421 million and 235 million respectively. millions of Swiss francs. Net profit was 170 million Swiss francs (-16.3%).

In the shipping sector alone, where cargoes 1.1 million teu containers (-11.7%), were affected. net sales amounted to 1.7 billion swiss francs Swiss (-11.9%), EBITDA was 94 million Swiss francs (-27,1%) operating profit of 88 million francs (-28.5%).

In the air shipping industry, where the volumes decreased by -22.0% to 315,000 tonnes, the net sales grew by 15.0% to almost 1.4 billion francs. EBITDA was 120 million francs (12.1%) EBIT at 110 million francs, or 17.0%. Kuhne - Nagel specified that the increase in results contributed to the increase in high demand for goods needed to deal with the crisis Health.

In the land shipping segment and other activities net sales of 829 million euros Swiss francs (-21.5%), EBITDA of 22 million (-38.9%) EBIT nine million (-57.1%).

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