In the first nine months of 2025, Kuehne+Nagel (K+N) increased its net turnover by 3 percent to CHF18.5 billion (USD23.2 billion), up 3 percent year on year. However, margins came under pressure.
EBIT for the first nine months of the year amounted to CHF1 billion (USD1.2 billion), down 17 percent. Earnings amounted to CHF761 million (USD955.9 million), another 17 percent drop year on year. Currency effects in Q3 2025 again weighed on EBIT by CHF14 million (USD17.6 million).
While it said that it achieved market share gains, particulalry in airfreight, and progree was made in the sea logistics division, conditions remain challenging. In a market environment characterised by overcapacity and yield pressure, the company launched a group-wide cost reduction programme, aiming for annual savings of at least CHF200 million including structural and sustainable measures. It aims to increase productivity in the long term through process optimisation in central functions and markets, as well as greater use of automation and shared service centres.
“Despite very challenging market conditions, K+N was able to gain market share through targeted investments in key areas. With the launch of group-wide cost reduction measures, we are now taking action to safeguard our cost base. Challenging external factors are forcing us to sustainably and permanently improve our efficiency and performance culture. Keeping high quality levels of customer service remains a top priority,” the company said.
