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17 May 2022 The on-line newspaper devoted to the world of transports 03:19 GMT+2

April 26, 2022

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The growth of the group's financial performance continues Kuehne + Nagel

New quarterly historical records in the segment of sea shipments

In the first quarter of 2022 gross sales and turnover net of the Swiss logistics group Kuehne + Nagel amounted respectively at 11.1 and 10.2 billion Swiss francs, values which represent the new records for this time of year and increases of +60% and 68% on the first three months of 2021, but that are both down by -7% compared to the fourth quarter of 2021 when quarterly records were recorded Historical. EBITDA was CHF 1.3 billion Swiss (+114%), operating profit at 1.1 billion (+160%) and profit net marked the new historical record having stood at 832 million Swiss francs (+162%).

In the first three months of this year the only activities of sea shipments operated by the group have totaled a gross and net sales of 5.4 respectively billion and 4.9 billion Swiss francs, values that represent new historical records for this business segment and increases of +86% +103% on the same period of 2021. Also the EBITDA and EBIT generated by this sector have reached new historical highs being equal to 631 million (+195%) and 621 million Swiss francs (+202%). The new financial peaks maximums that have been obtained despite the volumes of goods enlivened in this sector have marked a decrease of -4% having been equal to 1.0 million teu containers.

Performance also showed significant growth financial obtained in the sector of air shipments that have reached record values for the first quarter of the year and are inferior only to the historical records achieved in the last quarter of 2021. In the first three months of 2022, gross turnover and net sales from air shipments were CHF 3.3 billion (+84%) and CHF 3.1 billion respectively Swiss (+91%). EBITDA totalled 444 million (+158%) and operating profit 425 million Swiss francs (+161%). In the first quarter of 2022 the total of air shipments operated by Kuehne + Nagel was 574 thousand tons (+33%), volume which represents the new record for this time of year.

In the overland shipping sector, gross turnover is state of 1.1 billion Swiss francs (+11%), value that represents the new record for the first quarter of the year, while a new peak for this period was not marked by the net sales of 982 million (+13%). EBITDA and EBIT amounted to € 45 million (+15%) and € 30 million respectively million Swiss francs (+25%).

Following the invasion of Ukraine by troops Russian started last February 24 the Swiss group has suspended all its activities in Ukraine and announced the ALLOCATION of aid to Ukraine of CHF 10 million Swiss, while it has not suspended its activities in Russia where it is present in 21 locations.

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