PRTODAY / NewswireToday press release distribution service network
Written by / Agency / Source: Kuehne + Nagel, Inc.
Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Back on Track After a Weak Start into the Business Year - Kuehne + Nagel Group – Half-Year Results 2012 -
Back on Track After a Weak Start into the Business Year


NewswireToday - /newswire/ - Schindellegi, Switzerland, 2012/07/16 - Kuehne + Nagel Group – Half-Year Results 2012 -

Your Banner Ad Here instead - Showing along with ALL Articles covering Moving / Storage / Logistics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


In a difficult economic environment the Kuehne + Nagel Group achieved volume growth above market average. Turnover increased by 2.8 per cent to CHF 10,062 million. Gross profit improved by 2.6 per cent to CHF 3,032 million. The operational result (EBITDA) declined by 9.6 per cent to CHF 454 million. Cost control measures showed already a positive effect in the second quarter 2012 results. Net earnings excluding the one-off item for the antitrust fine in the first quarter were at CHF 279 million (11.1 per cent below the previous year’s period), including the one-off item the result was at CHF 214 million.

Kuehne + Nagel Group

CHF million: Half-Year 2012 - Half-Year 2011
Turnover: 10,062 - 9,786
Gross profit: 3,032 - 2,954
Operational result (EBITDA) / EBITDA including one-off item: 454 / 389 - 502 / .
EBT / EBT including one-off item: 353 / 288 - 398 / .
Net earnings / Net earnings including one-off item: 279 / 214 - 314 / .

"In the first half of 2012, muted consumption in all parts of the world and increased market volatility influenced the global logistics business,” said Reinhard Lange, CEO of Kuehne + Nagel International AG. ”Softened demand affected in particular the trades from Asia to Europe and North America and slowed down volume development in seafreight and airfreight. Nevertheless, we achieved above market volume growth in both segments. Our industry-specific logistics solutions positively contributed to this development.”

With volumes increased by 8 per cent, Kuehne + Nagel more than doubled global seafreight market growth of approximately 3.5 per cent. Especially in the export business from Asia to the Middle East, South America and Africa, Kuehne + Nagel grew its volumes, and – against the market trend – achieved also increases in the transpacific trade lanes. In the Asia-Europe trades, however, Kuehne + Nagel was also affected by the weak market demand, and volumes stagnated. Several rate increases by shipping lines in short intervals led to margin pressure. EBIT-to-gross profit margin improved to 30.4 per cent in the second quarter of 2012 (first quarter 2012: 28.3 per cent), but remained below the figure of the previous year’s period. The operational result declined by 10.9 per cent.

The general situation of the global airfreight business continued to decline in the second quarter of 2012. Compared with the previous year’s period the market volumes dropped by 4 per cent. Kuehne + Nagel continued to focus on the expansion of its activities in special segments – most notably perishables logistics – and to provide industry-specific airfreight solutions resulting in a tonnage increase of about 1 per cent compared to the previous year’s period. EBIT-to-gross profit margin improved to 27.0 per cent in the second quarter 2012 (first quarter 2012: 23.5 per cent), but remained below the previous year’s figure. The operational result declined by 10.9 per cent.

Road & Rail Logistics
The overland business performed well in the first half of the year. Despite difficult market conditions, activities in the fields of groupage, full and part loads were successfully expanded. Currency adjusted, net turnover increased by 9.8 per cent. Particularly in the large economies Germany, France and Great Britain, the business development was satisfactory. EBITDA margin was at 1.9 per cent (previous year: 1.8 per cent). The operational result improved by 7.4 per cent compared to the same period of 2011. The implementation of a Euro hub in Bad Hersfeld / Hauneck, Germany, in June 2012 will be the basis for further efficiency improvements.

Contract Logistics
In contract logistics net invoiced turnover adjusted for currency effects increased by 6.9 per cent due to solid demand in North Europe, Asia and South America. In North America strict cost management resulted in profitability improvements, while margin pressure, start-up costs and the closure of unprofitable locations in France and other countries in Southern Europe negatively impacted the result of the business unit in the first half of 2012. The operational result is unsatisfactory and decreased by 15.3 per cent. EBITDA margin was at 3.3 per cent (previous year: 4.1 per cent). A clear focus has been set on profitability improvement and selected growth.

Karl Gernandt, Chairman of Kuehne + Nagel International AG: “In the last months, the global economic momentum softened much more than predicted and has also impacted the logistics sector. In this challenging environment the focus has been set on achieving profitable growth through quality leadership. The Kuehne + Nagel Group demonstrated its strengths in the current market conditions, especially in the second quarter; in the meantime the implemented cost reduction program had a positive effect and the Group is getting back on track to achieve the profitability and productivity goals set for the full year 2012.”

About Kuehne + Nagel
With approximately 63,000 employees at more than 1000 locations in over 100 countries, the Kuehne + Nagel Group is one of the world's leading logistics companies. Its strong market position lies in the seafreight, airfreight, contract logistics and overland businesses, with a clear focus on providing IT-based integrated logistics solutions.Further information can be found at

Your Banner Ad Here instead - Showing along with ALL Articles covering Moving / Storage / Logistics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


Written by / Agency / Source: Kuehne + Nagel, Inc.


Availability: All Regions (Including Int'l)


Traffic Booster: [/] Quick NewswireToday Visibility Checker


Distribution / Indexing: [+]  / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

# # #
  Your Banner Ad showing on ALL
Moving / Storage / Logistics articles,
CATCH Visitors via Your Competitors Announcements!

Back on Track After a Weak Start into the Business Year

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
Publisher Contact: Inge Lauble-Meffert - 
+41(0)44 786 96 78 inge.lauble[.]
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Kuehne + Nagel, Inc. securities in any jurisdiction including any other companies listed or named in this release.

Moving / Storage / Logistics via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Read Latest Articles From Kuehne + Nagel, Inc. / Company Profile

Read Moving / Storage / Logistics Most Recent Related Newswires:

Blockchain, Data Analytics and Artificial Intelligence Disrupt Freight Cost Management Sector in Europe Finds Frost & Sullivan
Air France-KLM and Kuehne + Nagel Create First Direct System-to-system Connection in The Industry
Kuehne + Nagel Further Continues Expansion of its Global Perishables Network
Voith to Present Digitally Enhanced CargoFlex Automatic Coupler for Rail Freight Services At Transport Logistic 2019
Development of Economic and Industrial Cities Expected to Support Industry Growth Finds Frost & Sullivan
Kuehne + Nagel Opens Global Distribution Centre in Slovenia - Expanding KN PharmaChain
Kuehne + Nagel Introduces MyKN - Single Point of Access for Customers
Smurfit Kappa to Expand its Southeast European Footprint with the Acquisition of the Largest Integrated Packaging Business in Serbia
Kuehne + Nagel Expands its Regional Network in Central Asia and in the Caucasus
Kuehne + Nagel Further Strengthens its Globally Leading Position in Perishables Logistics
Kuehne + Nagel Selected as PETRONAS’ End-to-end Logistics Partner
Kuehne + Nagel Strengthens Pharma Logistics Offering in Chile with New Logistics Hub
Kuehne + Nagel Further Expands its Global Services for BMW Group
Kuehne + Nagel Opens Integrated Logistics Control Centre in Bogotá
Strategic Partnership with Zebraxx - Kuehne + Nagel Further Enhances Global Track and Trace Services for Last Mile Deliveries

Boost Your Social Network
& Crowdfunding Campaigns

NewswireToday Celebrates 10 Years in Business



Visit  RightITnow, Inc.

  ©2020 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (