Kuehne + Nagel upbeat despite “unknown scope” of Coronavirus


 

Kuehne + Nagel continued to improve on its results in 2019 and said it was looking ahead with confidence, despite the “unknown scope” of the Coronavirus. The global 3PL increased net turnover in the 2019 business year by 1.5% to 21.1bn CHF, with gross profit up 3.5% to 8bn CHF (£6.4bn). Profits were up across its main divisions, with overland gross profit increasing by 3% to 1.1bn CHF (£884.2m) and turnover rising by 1.7% to 3.6bn CHF (£2.9bn). Net turnover […]