April 24 (Reuters) - KUEHNE + NAGEL INTERNATIONAL AG KNIN.S:
Q1 EBIT AMOUNTED TO CHF 343 MILLION AND EARNINGS TO CHF 248 MILLION
GROUP’S CONVERSION RATE STOOD AT 16%
Q1 TURNOVER 5,603 CHF MILLION
DEVELOPMENTS IN THE MIDDLE EAST IMPACTING SEA LOGISTICS VOLUMES
Q1 FCF 194 CHF MILLION
EXPECTS RECURRING 2026 GROUP EBIT IN A RANGE OF CHF 1.25 TO 1.40 BILLION
WELL-POSITIONED TO NAVIGATE GEOPOLITICAL CHALLENGES AND ONGOING US DOLLAR WEAKNESS
COST-SAVING MEASURES ANNOUNCED IN OCTOBER 2025 HAD A MATERIAL IMPACT ON THE FIRST-QUARTER 2026 EARNINGS
KUEHNE+NAGEL NOW EXPECTS RECURRING 2026 GROUP EBIT IN A RANGE OF CHF 1.25 TO 1.40 BILLION
EVENTS IN MIDDLE EAST LED TO A SHORT-TERM TIGHTENING OF AIR FREIGHT CAPACITY, RESULTING IN INCREASED DEMAND FOR CHARTER SOLUTIONS
THE CURRENT MARKET DYNAMICS AND OUR CONSISTENT COST MANAGEMENT, GIVES US CONFIDENCE FOR THE SECOND QUARTER OF 2026
Q1 GROUP’S CONVERSION RATE STOOD AT 16%
Further company coverage: KNIN.S
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 587785269;))