News / Ocean freight the star performer in Q1 as K+N starts 2019 in bullish mood

Kuehne + Nagel has carried its momentum from 2018 into the new year, with first-quarter results showing continuing growth in revenue and profitability.

While the company appeared pleased with the results, one analyst described them as “uninspiring” – although adding that, considering market conditions, they were “good”.

Revenues for the period climbed 7.7% to Sfr5.2bn ($5.1bn), generating a little over Sfr242m in profit (as ebit), up 2.5% on last year.

Pleased chief executive Detlef Trefzger said: “Kuehne + Nagel got off to a good ...