Kuehne + Nagel has carried its momentum from 2018 into the new year, with first-quarter results showing continuing growth in revenue and profitability.
While the company appeared pleased with the results, one analyst described them as “uninspiring” – although adding that, considering market conditions, they were “good”.
Revenues for the period climbed 7.7% to Sfr5.2bn ($5.1bn), generating a little over Sfr242m in profit (as ebit), up 2.5% on last year.
Pleased chief executive …

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Source: The Loadstar