Freight forwarder Kuehne+Nagel lifts 2026 operating profit forecast
Freight forwarder Kuehne+Nagel lifts 2026 operating profit forecast July 23 (Reuters) - Swiss logistics group Kuehne und Nagel KNIN.S lifted its operating profit guidance for 2026 on Thursday, citing strong business performance in air logistics and its efficiency measures.
The freight forwarder, which operates in more than 100 countries, forecast recurring earnings before interest and taxes of 1.35 billion to 1.55 billion Swiss francs ($1.66 billion to $1.91 billion) for the full year, up from the 1.25 billion to 1.40 billion franc range it had last raised in April.
Analysts were expecting a median operating profit of 1.41 billion francs for 2026, a company-provided poll showed. Last year, the recurring EBIT was 1.24 billion francs.
($1 = 0.8130 Swiss francs)
(Reporting by Anastasiia Kozlova and Amir Orusov, editing by Milla Nissi-Prussak)
((Anastasiia.Kozlova@thomsonreuters.com; Amir.Orusov@thomsonreuters.com))
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Brief: Kuehne+Nagel Now Expects Recurring Ebit For Full Year 2026 In Range Of Chf 1.5 To 1.6 Billion