Kuehne + Nagel (K+N) vowed to continue to cut costs after reporting weak second quarter and first half 2024 results that failed to impress investors.
Group-wide revenues declined 9% year on year, to finish the first half at SFr11.6bn ($13bn), while EBIT was down 32%, to SFr778m, and net profit down 33%, to SFr576m.
The company said the “result was impacted by negative exchange rate effects of 2% in the first half …
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