Kuehne+Nagel's earnings for the first quarter of 2025 increased by 9% due to strong performance in air and sea logistics.
by Web Administrator
Apr 24, 2025 15:30
Kuehne+Nagel reported a 9% rise in earnings to CHF 303 million for Q1 2025, driven by market share gains in air and sea logistics. Net turnover increased 15% to CHF 6.3 billion. CEO Stefan Paul highlighted the company's strong start and improved profitability despite economic challenges. Air logistics turnover grew 13% to CHF 1.8 billion, while sea logistics surged 30% to CHF 2.5 billion. The recent acquisition of US-based IMC Logistics contributed positively to earnings. The company has not revised its EBIT guidance amid market uncertainties.