Positive development of results in the third quarter
Schindellegi / CH, October 15, 2012 - The Kuehne + Nagel Group improved results in the third quarter of 2012 due to volume increases in seafreight and airfreight and intensified cost management. Compared to the previous year’s third quarter, turnover grew by 12.4 per cent and gross profit by 6.9 per cent. The operational result (EBITDA) improved by 3.1 per cent in the third quarter 2012 compared to the previous year’s period. During the first nine months of 2012, turnover increased by 6.0 per cent to CHF 15,471 million and gross profit by 4.0 per cent to CHF 4,557 million compared to the same period last year. The operational result (EBITDA) declined by 5.6 per cent to CHF 687 million. Excluding the EU antitrust fine in the first quarter, net earnings declined by 7.4 per cent to CHF 423 million, including the one-off item to CHF 358 million.