Kuehne+Nagel to cut costs after 34% drop in quarterly operating profit

Kuehne + Nagel International AG

23/10/2025 06:00

Oct 23 (Reuters) - Swiss logistics group Kuehne+Nagel KNIN.S reported a 34% drop in its third-quarter operating profit on Thursday, citing a challenging market environment marked by overcapacity and margin pressures.

Its earnings before interest and taxes fell to 285 million Swiss francs ($359 million) in the third quarter, from 455 million a year earlier.

K+N also said it was launching a cost reduction programme of more than 200 million francs to cope with the tough market conditions.

($1 = 0.7931 Swiss francs)

(Reporting by Simon Ferdinand Eibach  and Anastasiia Kozlova in Gdansk, editing by Milla Nissi-Prussak)

((Anastasiia.Kozlova@thomsonreuters.com; SimonFerdinand.Eibach@thomsonreuters.com))