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Kuehne + Nagel Q1 Revenues Up 7.3% By CHF4,604m

LBR Staff Writer Published 19 April 2010

The Kuehne + Nagel Group has reported revenues of CHF4,604m for the first quarter of 2010, an increase of 7.3% compared to CHF4,291m for the same quarter previous year.

The company reported a gross profit of CHF1,442m for the first quarter of 2010 compared to CHF1,444m for the same period last year.

For the first quarter of 2010, the company reported EBITDA of CHF228m compared to CHF230m for the same quarter of 2009.

Net income for the first quarter of 2010 was CHF131m, which is an increase of 2.3% compared to CHF128m for the same period last year.

Reinhard Lange, CEO of Kuehne + Nagel International, said: “Our Group is back on course for growth thanks to the economic recovery and measures we introduced in 2009. Indications are getting stronger that the global economy and logistics-related parameters are stabilising. We are, therefore, confident of our ability of reaching our goal of above-market average profitable growth in all business units.”

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