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The Kühne+Nagel Group achieved a net revenue of CHF 24.5 billion in the fiscal year 2025, representing a decline of 1% compared to the previous year. The operating EBIT amounted to CHF 1.4 billion, while the net profit stood at CHF 925 million. The operating conversion rate, which describes the ratio of EBIT to gross profit, was 16%. In the fourth quarter of 2025, a cost reduction program exceeding CHF 200 million was implemented.
Stefan Paul, CEO of Kühne+Nagel International AG, emphasized the company’s successes in a challenging economic environment. „In a year with deteriorating economic conditions, we were able to achieve further growth through the consistent implementation of our strategy,“ Paul stated. Particularly in air freight, the company gained market share and established itself as the global number one in sea and air freight volumes. The increased use of Artificial Intelligence (AI) is expected to lead to significant efficiency improvements in the next 18 months.
For the fiscal year 2026, Kühne+Nagel forecasts an operating EBIT in the range of CHF 1.2 to 1.4 billion.
Development of Business Areas
In the sea freight sector, Kühne+Nagel achieved a net revenue of CHF 8.8 billion and an operating EBIT of CHF 585 million. The container volume was 4.3 million standard containers (TEU). The operating conversion rate was 29%. The company was able to reach its strategic goal of expanding its business with medium-sized customers, who now account for half of the total business volume.
In the air freight sector, net revenue was CHF 7.3 billion, and operating EBIT was CHF 454 million. The operating conversion rate was 26%. A total of 2.2 million tons of air freight were transported, representing a 7% increase compared to the previous year. The expansion of services for cloud and data center providers in the USA was a key growth driver.
In the land transport sector, the company achieved a net revenue of CHF 3.5 billion and an operating EBIT of CHF 86 million. The weak economic development in Europe negatively impacted the general cargo business. The acquisition of the Spanish logistics service provider TDN expanded the European groupage network.
In the contract logistics sector, net revenue was CHF 4.8 billion, and operating EBIT reached CHF 255 million, setting a new record. New distribution centers were opened in several countries, including Japan, Turkey, and Vietnam.
Financial Figures and Dividend Proposal
The Kühne+Nagel Group recorded a high free cash flow of CHF 917 million in the fiscal year 2025, representing a 48% increase compared to the previous year. The Board of Directors proposes a dividend of CHF 6.00 per share, corresponding to a dividend yield of 3.5%. Dr. Jörg Wolle, Chairman of the Board, highlighted the company’s performance in a challenging market environment and emphasized that the results achieved are the result of a clear strategy and high discipline.
