Kuehne+Nagel reported a 68 percent increase in net turnover to CHF10.2 billion ($10.6 billion) marked by continued strong demand for high-quality transport services.
While earnings nearly doubled to CHF 832 million ($865 million), free cash flow increased by almost CHF 1 billion ($1.04 billion), according to an official statement.
“Strong demand for capital and consumer goods continued in the first quarter of 2022,” says Dr. Detlef Trefzger, CEO, Kuehne + Nagel International AG. “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.”
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