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Net turnover up

Business is booming for Kuhne+Nagel

by Port News Editorial Staff

Kuhne + Nagel closed their third quarter with a net turnover of 9.97 billion euros; a 16% increase  on the same period last year. Overall, the company reported a net turnover of 30 billion euros between January and September; +40% on the previous year.

The excellent financial performance of the Swiss logistics group was driven by  the results in the shipping division, with a net turnover up 27%. Overall, the company handled 3.3 million TEUs in the first nine months.

Air freight also performed well. Net turnover  increased by 7% to 2.7 billion euros in the third quarter of 2022. A total of 1.7 million tonnes of goods were handled in the first nine months of the year.

Translation by Giles Foster

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