News / K+N profits tumble as market 'normalises', but eyes expansion in Asia

1920_kn-and-cze-trucks-rainforest-final1

Photo: Kuehne + Nagel

01/03/2024

Kuehne + Nagel today reported a group-wide 40% decline in revenues and a similar drop in Ebitda for full-year 2023 in what it termed a “normalisation” of the market.

Group turnover for 2023 was CHF23.8bn ($26.9bn) , with a Ebit of CHF1.9bn, leading to a net ...

To read this article you need to subscribe.

Help us to continue to invest in award-winning independent journalism. For an introductory offer of just £70 a year, or £10 per month, get access to all our daily news stories and opinion. If you are already a registered user, please login below with your current account's email and password to subscribe. If you are not registered and want to subscribe, please register below to subscribe.

Current subscriber

New subscriber