Market Share and Profit Growth
Kuehne+Nagel saw an 8% year-over-year growth in gross profit and a 7% increase in EBIT, driven by market share gains and improved yields.
Sea and Air Logistics Performance
Sea Logistics EBIT rose by 7% year-over-year, while Air Logistics saw a 23% improvement year-over-year in EBIT.
Free Cash Conversion Rate
The free cash conversion rate was at 55%, well above the historical average for the first quarter.
Contract Logistics Achievement
Contract Logistics delivered a record EBIT of CHF57 million in Q1, marking a 5% improvement over last year.