Profits boost for Kuehne + Nagel

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Kuehne + Nagel has reported a 13.9 per cent rise in operating profit for the first three months of the year to CHF 262m.

Sales were up nine per cent to CHF 5,310m. In Contract Logistics, investments in new logistics facilities led to a slightly lower EBITDA margin (5.2 per cent), compared with the previous year, and a slightly improved operational result.

Growth was seven per cent.

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