Kuehne + Nagel Group – Half-Year Results 2012
Back on track after a weak start into the business year In a difficult economic environment the Kuehne + Nagel Group achieved volume growth
above market average. Turnover increased by 2.8 per cent to CHF 10,062 million. Gross profit improved by 2.6 per cent to CHF 3,032 million. The operational result (EBITDA) declined by 9.6 per cent to CHF 454 million. Cost control measures showed already a positive effect in the second quarter 2012 results. Net earnings excluding the one-off item for the antitrust fine in the first quarter were at CHF 279 million (11.1 per cent below the previous year’s period), including the one-off item the result was at CHF 214 million.
"In the first half of 2012, muted consumption in all parts of the world and increased market volatility influenced the global logistics business,” said Reinhard Lange, CEO of Kuehne + Nagel International AG. ”Softened demand affected in particular the trades from Asia to Europe and North America and slowed down volume development in seafreight and airfreight. Nevertheless, we achieved above market volume growth in both segments. 2 of 3 Our industry-specific logistics solutions positively contributed to this development.”
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