The company reported final 2015 results ending in December. Net revenues declined 4.4% to CHF16.73bn, mainly due to the strong Swiss franc. Negative currency effects impacted net turnover by 8ppts. At constant currency, revenues increased 3.6% to CHF18.1bn. Revenues in the Americas increased by 9.7% to CHF5.2bn, whereas revenues in the EMEA region declined 8.9% to CHF14.02bn. Revenues in Asia Pacific remained stable. EBIT increased 3.8% to CHF850m and at constant currency +10.9% to CHF908m. T
02 Mar 2016
Negative currency impacts overshadow solid performance
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Negative currency impacts overshadow solid performance
Kuehne & Nagel International AG (0QMW:LON) | 0 0 0.5% | Mkt Cap: 19,620m
- Published:
02 Mar 2016 -
Author:
Heinz Steffen -
Pages:
2
The company reported final 2015 results ending in December. Net revenues declined 4.4% to CHF16.73bn, mainly due to the strong Swiss franc. Negative currency effects impacted net turnover by 8ppts. At constant currency, revenues increased 3.6% to CHF18.1bn. Revenues in the Americas increased by 9.7% to CHF5.2bn, whereas revenues in the EMEA region declined 8.9% to CHF14.02bn. Revenues in Asia Pacific remained stable. EBIT increased 3.8% to CHF850m and at constant currency +10.9% to CHF908m. T