Sea freight and air freight verticals place Kuehne + Nagel on a strong pitch in Q1 2017 | Supply Chain

Sea freight and air freight verticals place Kuehne + Nagel on a strong pitch in Q1 2017 | Supply Chain
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The Germany based Kuehne + Nagel Group had a good start in Q1 2017 by gaining significant market share in two of its prominent business verticals. Sea Freight and Air Freight segments are the ones that fuelled the growth of the company. The Kuehne + Nagel Group maintained the growth momentum of the fourth quarter of 2016 in the first three months of the current year. Net turnover increased by 7.2 percent to CHF 4.299 million as against   CHF 4.010 million in the same period last year. Gross profit grew by 3.5 percent to CHF 1.648 million against CHF 1.593 million in Q1 2016, and EBITDA at CHF 257 million reached the previous year’s level.   Earnings for the period stable at CHF 165 millions.

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