In the first nine months of 2019 , Kuehne + Nagel importantly meliorate its results . Seafreight and Overland continued their impulse in the third twenty-five percent . The tense market place surround led to a declination in airfreight volumes . The restructuring in Contract Logistics show first solution .
Group nett employee turnover increase by 3.1 % year - on - year to CHF 15.8 billion , gross profit by 4.4 % to CHF 6.0 billion , EBIT by 6.6 % to CHF 794 million and earnings for the catamenia by 3.1 % to CHF 598 million . Organic net turnover ontogenesis amounted to 4.3 % , foreign telephone exchange effects had a negative impact of 2.9 % , and acquisitions a positive effect of 1.7 % .
SeafreightWith an increase of 7.3 % class - on - class to CHF 5.6 billion , Seafreight posted a very solid last overturn maturation and once again better its performance in the third quarter . Kuehne + Nagel grew significantly in a idle overall market place and , with 3.67 million standard container ( TEU ) , the Group transported 152,000 building block more than in the same period of last year ( +4.3 % ) . Main winner number one wood were the selective growth strategy , effective price management and salient service quality . Eb get up by 10.2 % year - on - year to CHF 357 million . The business unit improved its spiritual rebirth rate ( ratio of EBIT to staring profit ) to 30.4 % , maintaining its position at the top of the manufacture .
AirfreightThe airfreight market continued to decline in an environment of worldwide economic uncertainty and rise trade barriers . As a result of the sharp drop-off in need in some key industries , Kuehne + Nagel ’s Airfreight intensity fell by 6.4 % year - on - yr to 1.22 million tons . Still the concern social unit was able-bodied to significantly increase arrant net income , especially in the area of pharma & healthcare , perishables and fourth dimension - critical shipments . The integration of Quick International Courier , Inc. is proceed according to plan . Quick , one of the market drawing card for sentence - vital transport and logistics services for the pharma and air power industries , generated get positive result in the third fourth part . The 3.0 % yr - on - year declination of Eb to CHF 263 million was resilient in light of persistently challenge market status .
OverlandNet turnover in Overland mount by 2.0 % year - on - twelvemonth to CHF 2.7 billion and gross profit by 4.1 % to CHF 846 million . Despite the slowdown in global swap , the business social unit again grew well before of the market . EBIT increase by 8.8 % yr - on - year to CHF 62 million .
Contract logisticsIn the third quarter , the on-going restructuring of Contract Logistics give way results . Related one - off net profit from real estate sale amounting to CHF 23 million ( former class : CHF 11 million ) were included in EBIT . Due to portfolio optimization measures and a focal point on higher - border business , net upset increase by 3.5 % yr - on - year to CHF 4.0 billion and perfect profit by 2.1 % to CHF 3.0 billion . development was thus significantly slower than in the previous twelvemonth ’s period .
For more info : Dominique NadelhoferKuehne+NagelTel : +41 44 786 95 26Email:[email protected]www.kuehne - nagel.com
