Kuehne+Nagel has achieved increases in its financial figures during the first quarter of the year, compared to the 2021 Q1 results. The company has improved its net turnover by 68% to US$10.5 billion, earnings before interest and taxes (EBIT) by 160% to US$1.1 billion and earnings by 162% to US$858 million.
Dr. Detlef Trefzger, CEO of Kuehne+Nagel International AG, commented, “Strong demand for capital and consumer goods continued in the first quarter of 2022. In parallel, the already strained supply chain situation deteriorated further. Kuehne+Nagel was well prepared for this scenario and we were able to reliably meet customer demands for high-quality logistics services.”
K+N noted that the ongoing congestion at many global ports continued to characterise the first three months of 2022 and the tense market environment once again led to an exceptionally high operational workload in the company’s Sea Logistics sector.
Container volumes of the Switzerland-headquartered transport company in the first quarter of 2022 were 1 million TEU, the business unit’s net turnover reached US$5 billion and EBIT was US$641 million.
