The company reported Q3 16 results. Net revenues declined 2.4% to CHF4.1bn. The gross profit was up 3.3% to CHF1.64bn and the gross margin increased from 37.9% to 40.1%. EBIT declined 3% to CHF223m and the EBIT margin reached 5.4% compared to 5.5% in Q3 15. The two divisions, Airfreight and Seafreight, contributed 86.1% to total net revenues and 82.6% to total EBIT (85.7% in Q3 15). In the first nine months 2016, revenues declined 1.4% to CHF12.2bn (the market estimated €12.4bn) and gros
18 Oct 2016
Volume grows but yield declines
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Volume grows but yield declines
Kuehne & Nagel International AG (0QMW:LON) | 0 0 0.5% | Mkt Cap: 19,620m
- Published:
18 Oct 2016 -
Author:
Heinz Steffen -
Pages:
3
The company reported Q3 16 results. Net revenues declined 2.4% to CHF4.1bn. The gross profit was up 3.3% to CHF1.64bn and the gross margin increased from 37.9% to 40.1%. EBIT declined 3% to CHF223m and the EBIT margin reached 5.4% compared to 5.5% in Q3 15. The two divisions, Airfreight and Seafreight, contributed 86.1% to total net revenues and 82.6% to total EBIT (85.7% in Q3 15). In the first nine months 2016, revenues declined 1.4% to CHF12.2bn (the market estimated €12.4bn) and gros