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Kuehne+Nagel 9-month revenue up 40% at $30.6bn

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K+N reported a 55% increase in yields in sea logistics and 38% increase for air logistics.

The Kuehne+Nagel Group reported a 40 percent increase in turnover at CHF 30.6 billion ($30.6 billion) for the first nine months of the current financial year (January-September) on a 55 percent increase in yields in sea logistics. EBIT increased 71 percent to CHF 3.1 billion ($3.1 billion), net earnings by 73 percent to CHF 2.3 billion ($2.3 billion) and free cash flow amounted to CHF 2.6 billion ($2.6 billion), says an official release.

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