Good results and new WMS for K+N
The Kuehne+Nagel Group recorded strong volume growth and a significant ebit increase in H1. K+N International CEO Detlef Trefzger said that “K+N remains on track for success in the first half of 2018, with strong volume growth across all business units. This, combined with active cost management, delivered significant improvements, confirming the consistency of our strategy."
Revenues increased by 14.2% to CHF 10 billion; ebit by 10.8% to CHF 501 million; net turnover in contract logistics by 12.2%; gross profits by 11.3%. New business, based on scalable and tailored logistics solutions, particularly in e-commerce fulfilment, made a major contribution to these figures.
Due to investment in the development of the business model, as well as the launch of a new warehouse management system, ebit was in line with expectations – CHF 66 million down on the previous year. (mw)