Profits up 4.5pc at Kuehne + Nagel

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Kuehne + Nagel Group increased EBITDA by 4.5 per cent to CHF1 billion in 2014 while net turnover was up 1.9 per cent to CHF 17.5bn.

CEO Detlef Trefzger said the turnaround in the overland business unit made an essential contribution to the improvement in profitability; for the first time profits were reported over four consecutive quarters.

“I would also like to emphasise the continuously excellent performance in airfreight and the further improvement of results in contract logistics. In sea freight we grew volumes and held margins stable, despite the high volatility of rates and negative currency impacts.”

All regions recorded increases in net turnover: The Middle East, Central Asia and Africa by 3.5 per cent; Asia-Pacific by 2.1 per cent; the Americas by 1.9 per cent and Europe by 1.7 per cent.

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