In Q1 17 ending in March, net revenues increased 7.2% to CHF4.29bn and the gross margin declined from 39.7% to 38.3%, EBITDA remained nearly stable at CHF257m but EBIT declined 3.7% to CHF209m. The EBIT margin declined from 5.4% to 4.9%. The company experienced strong revenue and volume growth. The two business divisions, Seafreight and Airfreight, contributed 78.9% to total EBIT and 83.4% to total revenues.
20 Apr 2017
Strong volume growth but margins under pressure
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Strong volume growth but margins under pressure
Kuehne & Nagel International AG (0QMW:LON) | 0 0 0.5% | Mkt Cap: 19,620m
- Published:
20 Apr 2017 -
Author:
Heinz Steffen -
Pages:
2
In Q1 17 ending in March, net revenues increased 7.2% to CHF4.29bn and the gross margin declined from 39.7% to 38.3%, EBITDA remained nearly stable at CHF257m but EBIT declined 3.7% to CHF209m. The EBIT margin declined from 5.4% to 4.9%. The company experienced strong revenue and volume growth. The two business divisions, Seafreight and Airfreight, contributed 78.9% to total EBIT and 83.4% to total revenues.