Despite increased profits for the 12 months to December, Kuehne + Nagel’s 2017 numbers failed to meet predictions.
Full-year profits for the forwarder were up 2.1% year on year, to Sfr937m ($994m), but a Thomson Reuters consensus suggested investors were targeting Sfr947m.
A first quarter in which profits declined and flat results for the six months to June were followed by just 1.3% growth for the nine months to September.
While the final quarter …
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Source: The Loadstar