Kuehne+Nagel stages 2020 recovery to end year with record results


Kuehne+Nagel said 2020 was a year of two halves, with a weak first semester followed by a strong second resulting in a group net turnover of CHF 20.4bn (£15.8bn). The “remarkably good” results came in a year the logistics giant described as being marked by crisis, with the CHF 712m (£551m) reduction in turnover blamed on lower volumes in the first half. Group gross profit was CHF 7.5bn (£5.8bn). It said a focus on logistics within the pharmaceutical industry had […]