KUEHNE+NAGEL Group's air logistics business unit recorded a year-on-year gross profit growth of 68 per cent to CHF1,613 million (US$$1,673 million).
Net turnover surged 59 pe rcent to CHF6.3 billion and EBIT increased 103 per cent to CHF826 million, reports Mumbai's The STAT Trade Times.
'The closure of Russian airspace and the lockdown in Shanghai resulted in the immediate rescheduling and diversion of many routes. The operational workload was correspondingly high in the first half of 2022,' according to the company's the H1 2022 report.
Air freight volumes handled by the group were 1.1 million tonnes in the first six months of 2022.
Dr Joerg Wolle, chairman of the board of directors of kuehne + Nagel International AG, said: 'Geopolitical and macroeconomic turmoil is challenging the global economy and especially the logistics industry. Even in this challenging environment, Kuehne+Nagel delivers what it promises. As such, we expect demand for high-quality services to remain solid in the second half of 2022.'
In H1 2022, the Kuehne+Nagel Group's net turnover rose by 55 per cent year on year to CHF20.6 billion, EBIT by 112 per cent to CHF2.2 billion, earnings by 113 per cent to CHF1.6 billion ($1.6 billion) .
Dr Detlef Trefzger, CEO of Kuehne + Nagel International AG, says: 'The uncertainties and obstacles in global supply chains continued in 2022. The Covid-related lockdowns in China, the invasion of Ukraine, the exceptionally strong increase in energy prices and high inflation resulted in an even more challenging business environment.
'Based on our digital platforms and industry solutions, as well as the tireless efforts of our employees, we were able to deliver efficient, complex logistics solutions for our customers.'
SeaNews Turkey
Net turnover surged 59 pe rcent to CHF6.3 billion and EBIT increased 103 per cent to CHF826 million, reports Mumbai's The STAT Trade Times.
'The closure of Russian airspace and the lockdown in Shanghai resulted in the immediate rescheduling and diversion of many routes. The operational workload was correspondingly high in the first half of 2022,' according to the company's the H1 2022 report.
Air freight volumes handled by the group were 1.1 million tonnes in the first six months of 2022.
Dr Joerg Wolle, chairman of the board of directors of kuehne + Nagel International AG, said: 'Geopolitical and macroeconomic turmoil is challenging the global economy and especially the logistics industry. Even in this challenging environment, Kuehne+Nagel delivers what it promises. As such, we expect demand for high-quality services to remain solid in the second half of 2022.'
In H1 2022, the Kuehne+Nagel Group's net turnover rose by 55 per cent year on year to CHF20.6 billion, EBIT by 112 per cent to CHF2.2 billion, earnings by 113 per cent to CHF1.6 billion ($1.6 billion) .
Dr Detlef Trefzger, CEO of Kuehne + Nagel International AG, says: 'The uncertainties and obstacles in global supply chains continued in 2022. The Covid-related lockdowns in China, the invasion of Ukraine, the exceptionally strong increase in energy prices and high inflation resulted in an even more challenging business environment.
'Based on our digital platforms and industry solutions, as well as the tireless efforts of our employees, we were able to deliver efficient, complex logistics solutions for our customers.'
SeaNews Turkey
