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Kuehne + Nagel profit up 2.8pc to record US$787 million, sales up 11pc
来源： 编辑：编辑部 发布：2018/03/01 14:53:54
THE world's second biggest forwarder, Kuehne + Nagel (after Germany's DHL), posted a year-on-year 2.8 per cent record annual profit increase to CHF740 million (US$787 million), drawn on record revenues of CHF22.2 billion, up 11.1 per cent.
"2017 was another successful year," said Kuehne + Nagel International CEO Detlef Trefzger.
"The consistent implementation of our business strategies resulted in strong volume growth and a clear increase in gross profit," said Dr Trefzger.
"Once again, our integrated business model has shown its strength. The effects of difficult market conditions in one business unit were more than compensated by increased profitability in the other divisions," he said.
The Swiss forwardering giant's digital solutions further increased efficiency and improved customer value at the same time, he said.
Highlights from the past business year include the seamless integration of four acquisitions which strengthen our leading position in perishables as well as pharma and healthcare logistics.
"Our new strategic programme is setting the course for the future success of our group with technology - and data-based solutions¡¨.
In seafreight, Kuehne + Nagel increased volumes 7.5 per cent and further extended its market share. The company handled 4.4 million TEU, 300,000 more than in the previous year, confirming its leading global position.
Kuehne + Nagel enjoyed strong volume increases in intra-Asian and US trade lanes. Other growth drivers were the reefer container business with a rise in volumes of 25 per cent, and the less-than-container load (LCL) operations, where for the first time over two million cubic metres were handled.
Consolidation in the container shipping market once again accelerated in 2017. In many trade lanes rate increases occurred, which could only be passed on to the customers partly and with delay, especially in the first two quarters.
Kuehne + Nagel¡¦s growth in volume and productivity did not fully compensate for the margin pressure. EBIT declined by seven per cent in comparison to the previous year, whereby the EBIT-to-gross profit margin (conversion rate) was maintained at an industry leading high level with 29.2 per cent.
Kuehne + Nagel increased air cargo 20.4 per cent, growing twice as fast as the overall market, which itself showed the highest increase since 2010 at around 10 per cent.
Kuehne + Nagel¡¦s industry-specific air freight for example for the pharma and healthcare or the aerospace sectors, generated significant growth.
The company strengthened its leading global market position in perishables logistics with the acquisition and integration of two national market leaders in Kenya and the USA.
Strong volume growth in combination with strict cost control and higher productivity resulted in an increase in EBIT by five per cent. With 30.2 per cent, the conversion rate remained at the previous year¡¦s high level.
The consistent implementation of Kuehne + Nagel¡¦s market strategy in overland led again to excellent results. Revenue increased 7.6 per cent and gross profit by 6.4 per cent.
EBIT improved by 75 per cent year on year. The high volume increases in groupage, full truckload and intermodal operations as well as the specific services for customers from the pharma and healthcare industry and the e-commerce market contributed to the strong improvement in results.
In contract logistics revenue increased by7.8 per cent, gross profit by 10.5 per cent and EBIT improved by 9.5 per cent. Kuehne + Nagel has 10.6 million square metres of warehousing and logistics space under management, 600,000 more than in the previous year.
"2017 was another successful year," said Kuehne + Nagel International CEO Detlef Trefzger.
"The consistent implementation of our business strategies resulted in strong volume growth and a clear increase in gross profit," said Dr Trefzger.
"Once again, our integrated business model has shown its strength. The effects of difficult market conditions in one business unit were more than compensated by increased profitability in the other divisions," he said.
The Swiss forwardering giant's digital solutions further increased efficiency and improved customer value at the same time, he said.
Highlights from the past business year include the seamless integration of four acquisitions which strengthen our leading position in perishables as well as pharma and healthcare logistics.
"Our new strategic programme is setting the course for the future success of our group with technology - and data-based solutions¡¨.
In seafreight, Kuehne + Nagel increased volumes 7.5 per cent and further extended its market share. The company handled 4.4 million TEU, 300,000 more than in the previous year, confirming its leading global position.
Kuehne + Nagel enjoyed strong volume increases in intra-Asian and US trade lanes. Other growth drivers were the reefer container business with a rise in volumes of 25 per cent, and the less-than-container load (LCL) operations, where for the first time over two million cubic metres were handled.
Consolidation in the container shipping market once again accelerated in 2017. In many trade lanes rate increases occurred, which could only be passed on to the customers partly and with delay, especially in the first two quarters.
Kuehne + Nagel¡¦s growth in volume and productivity did not fully compensate for the margin pressure. EBIT declined by seven per cent in comparison to the previous year, whereby the EBIT-to-gross profit margin (conversion rate) was maintained at an industry leading high level with 29.2 per cent.
Kuehne + Nagel increased air cargo 20.4 per cent, growing twice as fast as the overall market, which itself showed the highest increase since 2010 at around 10 per cent.
Kuehne + Nagel¡¦s industry-specific air freight for example for the pharma and healthcare or the aerospace sectors, generated significant growth.
The company strengthened its leading global market position in perishables logistics with the acquisition and integration of two national market leaders in Kenya and the USA.
Strong volume growth in combination with strict cost control and higher productivity resulted in an increase in EBIT by five per cent. With 30.2 per cent, the conversion rate remained at the previous year¡¦s high level.
The consistent implementation of Kuehne + Nagel¡¦s market strategy in overland led again to excellent results. Revenue increased 7.6 per cent and gross profit by 6.4 per cent.
EBIT improved by 75 per cent year on year. The high volume increases in groupage, full truckload and intermodal operations as well as the specific services for customers from the pharma and healthcare industry and the e-commerce market contributed to the strong improvement in results.
In contract logistics revenue increased by7.8 per cent, gross profit by 10.5 per cent and EBIT improved by 9.5 per cent. Kuehne + Nagel has 10.6 million square metres of warehousing and logistics space under management, 600,000 more than in the previous year.