| Kuehne+Nagel Group CHF million |
FY 2024 | FY 2023 | Δ | Q4 2024 | Q4 2023 | Δ |
| Net turnover | 24,802 | 23,849 | 4% | 6,761 | 5,690 | 19% |
| Gross profit | 8,670 | 8,787 | -1% | 2,210 | 2,059 | 7% |
| EBITDA | 2,478 | 2,678 | -7% | 632 | 520 | 22% |
| EBIT | 1,654 | 1,903 | -13% | 421 | 322 | 31% |
| Earnings | 1,230 | 1,464 | -16% | 315 | 283 | 11% |
The Kuehne+Nagel Group generated net turnover of CHF 24.8 billion in 2024, an increase of 4% year-on-year. The EBIT amounted to CHF 1.7 billion with earnings of CHF 1.2 billion. The conversion rate, which describes the ratio of EBIT to the Group's gross profit, was 19%. These 2024 results once again significantly exceeded the comparable figures from before the pandemic.
Stefan Paul, CEO of Kuehne+Nagel International AG:
“The streamlining of Kuehne+Nagel's organisational and sales structure in April 2024 already yielded visible successes in the second half of the year. In addition, we enabled new growth opportunities through acquisitions in North America and Asia. In short, we have created a more efficient organisation with a broader offering to achieve our future ambitions. Kuehne+Nagel will report on strategic progress and provide a financial outlook at the upcoming Capital Markets Day on March 25, 2025.”
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