The company reported solid results in Q3 15. Revenues declined 6.7% to CHF4.2bn but EBIT jumped 9% to CHF230m. The EBIT margin improved from 4.7% to 5.5%. In the first nine months, revenues declined 4.4% to CHF12.4bn but grew at constant currency by 3.3%. EBIT increased 5.4% (13.3% in cc) to CHF640m compared to CHF607m in 2014. The EBIT margin improved from 4.7% to 5.2%. The strong performance was mainly driven by the two largest business divisions, Seafreight and Airfreight, which contribute
16 Oct 2015
Revenues declined and profitability increased
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Revenues declined and profitability increased
Kuehne & Nagel International AG (0QMW:LON) | 0 0 0.5% | Mkt Cap: 19,620m
- Published:
16 Oct 2015 -
Author:
Heinz Steffen -
Pages:
2
The company reported solid results in Q3 15. Revenues declined 6.7% to CHF4.2bn but EBIT jumped 9% to CHF230m. The EBIT margin improved from 4.7% to 5.5%. In the first nine months, revenues declined 4.4% to CHF12.4bn but grew at constant currency by 3.3%. EBIT increased 5.4% (13.3% in cc) to CHF640m compared to CHF607m in 2014. The EBIT margin improved from 4.7% to 5.2%. The strong performance was mainly driven by the two largest business divisions, Seafreight and Airfreight, which contribute