Market Share and Profit Growth
Kuehne+Nagel increased its market share and achieved an 8% year-over-year growth in gross profit and a 7% increase in EBIT. Sea Logistics EBIT grew by 12% year-over-year.
Strong Performance in Air Logistics
Air Logistics saw a 23% improvement in EBIT year-over-year, with a 5% volume growth and a 7% increase in yields. Gross profit for Air Logistics grew by 12%.
Improved Cash Conversion and Capital Management
The company achieved a free cash conversion rate of 55%, well above the historical average for the first quarter. Working capital management contributed significantly to this improvement.
Contract Logistics Achievements
Contract Logistics delivered a new all-time high EBIT of CHF57 million in Q1, marking a 5% improvement on last year’s results.
Successful Integration of IMC
The acquisition of IMC positively contributed to earnings and cash flow, with no material synergies realized yet.