In the first six months of 2022, the Kuehne+Nagel Group's net turnover rose by 55 percent year-on-year to CHF 20.6 billion ($21.3 billion), EBIT by 112 percent to CHF 2.2 billion ($2.2 billion), earnings by 113 percent to CHF 1.6 billion ($1.6 billion) and free cash flow increased by nearly CHF 1.3 billion ($1.3 billion). The Group's conversion rate, which describes the ratio of EBIT to gross profit, was 37.2 percent.
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."
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