The Kuehne+Nagel logistics group closed its annual financial year 2025 with a marked worsening of the economic results achieved in the fourth quarter alone and announced a change of cost reduction program. If originally the reduction in expenditure presented in September provided for cuts to an estimated value of 200 million Swiss francs (220 million Swiss francs) million euros), today the company announced that, having maintained unchanged this objective, the share of reduction in personnel costs which, compared to 110 million, will rise to 150 million francs, with cuts that if previously corresponded to 1,000-1,500 temporary workers full equivalents, now rise to more than 2,000. It was On the other hand, a reduction in cuts in expenditure for the structures, which fell from 50 to 30 million, and a decrease in the other costs from 40 to 20 million.

The worsening of economic performance in the fourth quarter quarter of 2025 was primarily determined by the deterioration of the results generated by maritime and air force. In the period, the group's net sales amounted to to 5.95 billion Swiss francs, down -11.9% on the last quarter of 2024. In the quarter, costs recorded a strong increase having stood at 1.82 billion (+15,7%). EBITDA was €444 million (-29.7%), that of EBIT at 213 million (-49.4%) and the value of of net profit to €164 million (-47.9%).

In the ocean freight segment alone, net sales quarterly totalled CHF 1.86 billion (-28.0%). EBITDA was €78 million (-62.0%) and EBIT was €59 million million (-70.2%). In the period October-December of last year, the volume of sea shipments handled by the group is State equal to less than 1.1 million TEU containers (-1.9%).

In the air freight sector, where volumes handled amounted to 595 thousand tons (+6.6%), the net sales were 1.97 billion (-6.5%), EBITDA of 126 million (-23.2%) and operating profit of 107 million (-27.7%).

The other two main business segments of the group, those of road transport and contract logistics, recorded increases in quarterly net sales, which Profit of €882 million (+3.5%) and €1.24 billion respectively (+1,8%). On the other hand, profits declined, with the segment of road transport which totalled an EBITDA of eight million (-72%) and a negative EBIT of -9 million (-190%) and with that of contract logistics which reported an EBITDA of 232 million (-1%) and an EBIT of 56 million (-14%).

In the full year 2025, the group's net sales were 24.48 billion Swiss francs, down by -1.3% on the previous year. EBITDA was 2.15 billion (-13.2%), EBIT of 1.24 billion (-24.9%) and profit net of €925 million (-24.8%).