Kuehne + Nagel’s first half profit up 28%
Swiss forwarding and logistics firm Kuehne + Nagel increased its first half net earnings 28 percent to 266.7 million Swiss Francs ($219 million), compared to CHF 208.4 million after the first six months 2006.
Revenue for the period rose 15.9 percent to CHF 9.9 billion ($8.2 billion), from CHF 8.7 billion a year ago.
“We have maintained the first quarter's strong momentum and achieved convincing growth rates across all business units,” said Klaus Herms, chief executive officer of Kuehne + Nagel. “The key drivers of this consistent performance are our global capabilities, efficient logistics infrastructure, and the integrated business model, which provides the Group with significant cross-selling opportunities.”