Despite revenue growth of almost CHF300m (US$300m), Kuehne + Nagel struggled to increase profits in the first three months of 2017, thanks to exchange rates and operating costs ate into the rising turnover.
For the three months to March, the company brought in just shy of CHF4.3bn in revenue, a 7.2% increase on Q1 2016. While this resulted in 3.5% growth in gross profit (CHF1.6bn), net earnings for the period fell 2.4% to CHF165m.
During a …
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