Consolidated financial statements 2024 of the Kuehne+Nagel Group

Income statement

CHF million Note 2024 2023 Variance in per cent
Net turnover 7 24,802 23,849 4.0
Net expenses for services from third parties   –16,132 –15,062  
Gross profit 7 8,670 8,787 –1.3
Personnel expenses 8 –4,861 –4,866  
Selling, general and administrative expenses 9 –1,343 –1,294  
Other operating income/expenses, net 10 12 51  
EBITDA   2,478 2,678 –7.5
Depreciation of property, plant and equipment 14 –185 –177  
Depreciation of right-of-use assets 15 –587 –544  
Amortisation of other intangibles 16 –52 –54  
EBIT   1,654 1,903 –13.1
Financial income 11 24 73  
Financial expenses 11 –46 –25  
Result from joint ventures and associates   6 5  
Earnings before tax (EBT)   1,638 1,956 –16.3
Income tax 12 –408 –492  
Earnings   1,230 1,464 –16.0
       
Attributable to:      
Equity holders of the parent company   1,181 1,431 –17.5
Non-controlling interests   49 33  
Earnings   1,230 1,464 –16.0
       
Basic earnings per share in CHF 13 9.97 12.06 –17.3
Diluted earnings per share in CHF 13 9.95 12.02 –17.2