© 2024 Kuehne+Nagel. All rights reserved
Kuehne+Nagel's (K+N) air volumes were up in the second quarter of 2025 thanks to high growth industries including perishables, semiconductors, and cloud infrastructure (hyper scalers) business.
Airfreight volumes at K+N were 565,000 tonnes in the second quarter, up 9.3% from 517,000 tonnes in the second quarter of 2024.
Net turnover in K+N's air logistics division was CHF1.9bn, up 3.2% year on year.
Gross profit was up 1.2% and earnings before interest and taxes (EBIT) was down 1.7%.
Speaking about the first half of the year, K+N said that net turnover in the air logistics division increased by 8% year on year to CHF3.6bn.
EBIT increased at a faster pace rising by 10% to CHF230m.
In the first half of 2025, airfreight volumes increased by 7% year on year to 1.1m tonnes.
“The Air Logistics business unit achieved particularly strong growth in the segments of perishables, semiconductors, and cloud infrastructure (hyper scalers), a promising field that Kuehne+Nagel is actively pursuing,” K+N said of the first half of the year.
Group results
The K+N Group’s second quarter net turnover was CHF6bn, up 1.7% year on year.
Gross profit was down 0.5% and EBIT was down 14.9%.
K+N said it was impacted by market uncertainty with demand and rates for its sea logistics division particularly “volatile”, but the company said it “successfully offset declining (sea) volumes to and from the US with gains in other markets”.
Stefan Paul, chief executive of K+N, said: “Our solid operational performance in the first half of 2025 once again demonstrated our resilience in a challenging market environment.
“The push of our strategic sales initiatives is proving to be highly effective. In Sea Logistics, we increased volumes by 2%, and in Air Logistics by 7% – that’s well above overall market growth.
“With these measures, we have laid the foundation to gain further market share, particularly in Sea and Air Logistics.”
K+N retained its position as the top airfreight forwarder last year.
