Switzerland's Kuehne+Nagel Q2 net turnover rises on air logistics strength

Kuehne + Nagel International AG

23/07/2026 05:55

    

    Overview
  
Switzerland logistics provider's Q2 net turnover rose 8% yr/yr to CHF 6.6 bln
Q2 EBIT up 11% yr/yr to CHF 381 mln, driven by Air Logistics gains
Company raised 2026 recurring EBIT guidance to CHF 1.35–1.55 bln

    

    Outlook
  
Kuehne+Nagel raises full-year 2026 recurring EBIT guidance to CHF 1.35–1.55 bln
Company expects continued efficiency gains from accelerated deployment of AI solutions
Export business from Europe expected to remain subdued due to weak economic conditions

    

    Result Drivers
  
AIR LOGISTICS GAINS - Air Logistics EBIT rose 35%, driven by market share gains and improved customer portfolio mix, especially in the tech sector
EFFICIENCY IMPROVEMENTS - Group-wide efficiency gains and accelerated AI deployment contributed to operational performance
COST MANAGEMENT - Disciplined cost management in Sea Logistics partially offset weak European exports

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 Revenue
 
CHF 6.6 bln
 
Q2 EBIT
 
CHF 381 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 CHF183.50, about 11.8% below its July 22 closing price of CHF208.00
The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 22 three months ago

    

    Reuters Recommended Reads
  
July 22 - Freight group DSV's shares slide 15% as cash flow falls, earnings disappoint
July 22 - Cathay Pacific flags stronger first-half profit on travel, cargo demand
July 22 - EU naval force advises ships with US, Israeli or Saudi links to avoid Red sea voyages

    
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.)