Q1 revenue 5.508 bln francs, down 18% (Il Sole 24 Ore Radiocor) - Zurich, 23 Apr - The Swiss logistics company Kuehne + Nagel said that in the first quarter of 2024 its revenue fell 18% to 5.508 billion francs resulting in a 40% drop in earnings to 278 million.

EBITDA fell 28% to 576 million francs.

'In a challenging environment, Kuehne + Nagel started the business year 2024 with solid but lower year-over-year results. Our focus on efficiency and streamlined structures allowed us to reduce costs per unit by 12% in Sea Logistics and 14% in Air Logistics," said the CEO, Stefan Paul.

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(RADIOCOR) 23-04-24 11:45:59 (0365) 5 NNNN