Increase in net turnover, gross profit and EBIT
EBITDA increase of CHF 118 due to implementation of IFRS 16-Leases
Seafreight expands EBIT significantly
Airfreight achieves higher margins
Overland increases results substantially
Contract Logistics continues restructuring
In the first quarter of 2019, Kuehne + Nagel again increased net turnover, gross profit and EBIT. In seafreight, EBIT expanded significantly and in overland operating results increased substantially. The market-related volume decline in airfreight was largely offset by active cost management. The result of contract logistics decreased due to ongoing restructuring and review of the project portfolio. Overall, the group achieved a good result.
Implementation IFRS 16-Leases
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