News / KN sees profits rise, but declining revenue, and is 'too reliant on a few key markets'

Despite declining revenues, Kuehne + Nagel saw an 8% growth in half-year gross profit and a 10% increase in EBITDA after it continued to reap the benefits of its “Focus and Excellence” strategy that seen its industry-specific solutions scaled up and productivity across its global operations improved.

Despite weak global trade levels, KN saw sea freight volumes increase by 5.8%, and for the first time handled over 1m teu in a single quarter – a period characterised by extremely weak freight rates.

Although it ...