Kuehne + Nagel this morning reported a 9.3% increase in adjusted ebitda for 2019, on the back of higher ocean freight volumes and revenues.
It recorded group annual revenues of Sfr21.1bn (US$21.4bn) last year, a 1.5% increase over 2018, while adjusted group ebitda was Sfr1.3bn compared with Sfr1.2bn the year before.
Chief executive Detlef Trefzger said: “In a changing market, we continued to see our strategy yield success. In sea freight and …
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Source: The Loadstar
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