Kuehne+Nagel's air logistics division reports significant growth in the first quarter.

Kuehne+Nagel had a strong start to 2026, reporting a net turnover of CHF 5.6 billion in the first quarter, with EBIT at CHF 343 million and earnings of CHF 248 million, reflecting a 16% conversion rate. Cost-efficiency measures from October 2025 boosted profitability, particularly in Air, Road, and Contract Logistics, while Sea Logistics faced challenges due to Middle East disruptions. CEO Stefan Paul emphasized the importance of disciplined cost management and the global network in adapting to market changes. The company forecasts 2026 Group EBIT between CHF 1.25 billion and CHF 1.40 billion.