Schindellegi / CH , March 03, 2014 - The globally operating Kuehne + Nagel Group is back on the road to profitable growth and has increased operational EBIT by 9 per cent. At CHF 20,929 million, turnover was slightly higher in 2013 than in the previous year, while gross profit improved by 2.7 per cent to CHF 6,257 million. The operational result (EBITDA) increased by 4.6 per cent to CHF 962 million. Net earnings improved to CHF 607 million. For the 2013 business year, the Board of Directors will propose a dividend increase to CHF 3.85 per share as well as the payment of an extraordinary dividend of CHF 2.00 per share.
Dr. Detlef Trefzger, CEO, commented: “In 2013, the Kuehne + Nagel Group fully concentrated on profitable growth. Through organisational adjustments, streamlined cost structures and a clear focus on margin improvements we achieved the goals we had set ourselves. I would like to emphasise the excellent performance in airfreight and the strong improvement of results in contract logistics. By concentrating on selective growth in seafreight, we succeeded in keeping margins stable despite high volatility of rates. The implementation of the new overland strategy also led to an improvement in profitability. Our 2013 results confirm the strength of our business model, the efficiency of our focused approach, and the value our solutions offer to customers.”
Proposed new appointments to the Board of Directors
Kuehne + Nagel International AG
Schindellegi / CH, March 03, 2014 - The Board of Directors of Kuehne + Nagel International AG will propose at the Annual General Meeting on May 6, 2014, the additional election of Dr. Martin Wittig and Gerard van Kesteren to the Board of Directors.
After completing his studies, Dr. Martin Wittig, born in Germany 1964, joined Roland Berger Strategy Consultants in 1995. Following various management positions, he was appointed CFO in 2004. From 2010 to 2013 Dr. Martin Wittig was elected CEO and Global Managing Partner of Roland Berger Strategy Consultants. Dr. Wittig is the Honorary Consul of Germany in Switzerland, Zurich.
Gerard van Kesteren, born 1949 in the Netherlands, has been Chief Financial Officer and member of the Management Board of Kuehne + Nagel International AG since July 1999. He joined Kuehne + Nagel as a Chartered Accountant 25 years ago and will retire as of June 30, 2014. It is the intention that he should transfer to the Board of Directors as of July 1, 2014.
“We are very pleased to propose to our shareholders the election of two proven strategy and finance experts. Their individual experiences derive from the consulting and operational fields, and the contributions of these two gentlemen will add value to our Board”, said Karl Gernandt, Chairman of the Board of Directors.
About Kuehne + Nagel
With approximately 63,000 employees at some 1000 locations in over 100 countries, the Kuehne + Nagel Group is one of the world’s leading logistics companies. Its strong market position lies in the seafreight, airfreight, contract logistics and overland businesses, with a clear focus on providing IT-based integrated logistics solutions. Further information can be found at www.kuehne-nagel.com