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