Kuehne + Nagel

Kühne + Nagel reported a currency-adjusted revenue increase of 22% to CHF 7.39 billion for the third quarter. Adjusted gross profit rose 13% to CHF 2.39 billion, EBIT climbed 53% to CHF 435 million and net profit increased 53% to CHF 316 million; the conversion margin was 18.2%. Air freight grew 37% on a currency-adjusted basis (drivers: cloud and semiconductor logistics), sea freight grew 20% with a volume increase of 5%. For 2026 the company raised its EBIT forecast to CHF 1.5–1.6 billion (previously CHF 1.35–1.55 billion). » More on finanzen.net

The board of directors of Kühne+Nagel plans to launch an independent investigation into the logistics group's role during National Socialism within a reasonable time. The move follows the death of long‑time majority shareholder Klaus‑Michael Kühne, who had previously rejected such a review. The company has already admitted to being involved in transports of confiscated goods; archives from Bremen and Hamburg are believed to have been largely destroyed. A former Jewish co‑owner, Adolf Maass, left the firm in 1933 and was later deported to Auschwitz and murdered. » More on manager-magazin.de

Kühne+Nagel is to provide logistics services for AI data centres for Amazon and AWS, from construction and commissioning to maintenance and modernization. The agreement covers the global transport of components from Asia and could raise the annual business volume between the companies by several billion dollars. Amazon also receives a purchase option on K+N shares upon reaching certain milestones; K+N bears no financial risk, according to the announcement. » More on manager-magazin.de

Kühne+Nagel has opened a new healthcare center of around 3,500 m² in Cargo City South at Frankfurt Airport. The facility offers about 2,500 m² of storage space at 15–25 °C, over 500 m² of refrigerated space at 2–8 °C as well as ultra-low-temperature storage at −70 °C, temperature-controlled staging areas and dedicated handling zones for pharmaceutical shipments. The center expands capacity for temperature-sensitive pharmaceutical and healthcare products as part of the global Healthchain network with more than 270 certified locations; no figures for the investment volume were provided. » More on finanzen.net

Klaus‑Michael Kühne has arranged his estate so that the private Kühne Holding and its shareholdings will pass to a family foundation to prevent power struggles. The foundation gains influence over the selection of the holding’s chairman and dividend distribution but is not intended to intervene directly in the operational management of the holdings. Three confidants — foundation chair Thomas Staehelin and managers Karl Gernandt and Jörg Wolle — will share control functions based on mutual checks and balances. The foundation should receive sufficient dividends for projects such as the opera house in Hamburg, while core holdings like Kühne + Nagel and Hapag‑Lloyd are to be secured for the long term. » More on faz.net