Kuehne + Nagel Group have delivered strong growth in their half year results for 2007. Compared with the previous year’s period, turnover increased by 14.7 per cent to CHF 9,968.3 million, EBITDA improved by 12.6 per cent to CHF 467.9 million, and net earnings rose by 27.5 per cent to CHF 265.4 million.
‘We have maintained the first quarter’s strong momentum and achieved
convincing growth rates across all business units,’ says Klaus Herms, chief
executive officer, Kuehne + Nagel International AG. ‘The key drivers of this
consistent performance are our global capabilities, efficient logistics
infrastructure, and the integrated business model, which provides the Group
with significant cross-selling opportunities.’
The investments made over the past years in the expansion of contract
logistics activities appear to be paying off. The record 21.6 per cent growth in
turnover for the first half of 2007 illustrates the increasing demand for global
logistics providers that operate at high levels of process and IT
standardisation. The operational result improved by 15.1 per cent, with the
EBITDA margin at 5.1 per cent.