Kuehne + Nagel today reported a group-wide 40% decline in revenues and a similar drop in Ebitda for full-year 2023 in what it termed a “normalisation” of the market.
Group turnover for 2023 was CHF23.8bn ($26.9bn) , with a Ebit of CHF1.9bn, leading to a net profit of just under CHF1.5bn.
Sea freight revenues in 2023 were half that of the previous year, while air freight volumes dropped 60%. However, its road …
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