Switzerland's Kuehne+Nagel Q1 turnover up as Middle East disruptions boost air freight demand

Kuehne + Nagel International AG

24/04/2026 05:56

Overview

Switzerland logistics provider's Q1 net turnover rose to CHF 5.6 bln

Q1 EBIT reached CHF 343 mln, supported by cost-saving measures

Sea Logistics volumes declined due to Middle East disruptions; Air, Road and Contract Logistics saw strong starts

Outlook

Kuehne+Nagel expects recurring 2026 group EBIT of CHF 1.25-1.40 bln

Company says it is monitoring energy prices and potential impact on consumer demand

Kuehne+Nagel says it is well-positioned to navigate geopolitical challenges and US dollar weakness

Result Drivers

COST MANAGEMENT - Co said disciplined cost management and efficiency measures reduced unit costs and supported Q1 earnings

MIDDLE EAST DISRUPTIONS - Sea Logistics volumes declined due to disruptions in the Middle East, with increased service intensity

ONE-OFF GAIN - Contract Logistics EBIT was boosted by a CHF 35 mln one-off gain from a property sale in Germany

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
CHF 5.6 bln
Q1 EBIT
CHF 343 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 9 "hold" and 6 "sell" or "strong sell"

The average consensus recommendation for the courier, postal, air freight & land-based logistics peer group is "hold"

Wall Street's median 12-month price target for Kuehne + Nagel International AG is CHF177.00, about 8.9% below its April 23 closing price of CHF194.35

The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 22 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)