Market Share and Profit Growth
Kuehne+Nagel achieved an 8% year-over-year growth in gross profit and a 7% uplift in EBIT, with significant market share gains and improved yields.
Sea Logistics Performance
Sea Logistics EBIT increased by 7% year-over-year to CHF210 million, with volumes up 3%, marking a return to year-over-year growth.
Air Logistics Improvement
Air Logistics EBIT saw a strong 23% improvement year-over-year, with volume growth of 5% and yields improving by 7% year-over-year.
Contract Logistics Achievement
Contract Logistics delivered an EBIT of CHF57 million, marking a 5% improvement year-over-year and achieving a new all-time high for the first quarter.
High Free Cash Conversion Rate
Kuehne+Nagel reported a free cash conversion rate of 55%, well above the historical average for the first quarter.