In 2024, the Group’s turnover amounted to CHF 27,356 million representing an increase of 2.7 per cent or CHF 707 million compared to the previous year. Organic business growth resulted in an increase in turnover of CHF 1,086 million (4.1 per cent) while acquisitions contributed CHF 290 million (1.1 per cent). The exchange rate fluctuation had a negative impact of CHF 669 million (2.5 per cent).
Volumes in Sea Logistics decreased by 0.6 per cent (28,000 TEUs), and turnover per TEU increased by 6.8 per cent to CHF 2,445 per TEU (2023: CHF 2,290). In Air Logistics, the volumes increased by 5.5 per cent (109,000 Tons), and the freight rates decreased by 1.1 per cent to CHF 372 per 100 kg (2023: CHF 376).
Exchange rate fluctuations between 2023 and 2024, based on average yearly exchange rates, led to a devaluation of the Euro by 2.0 per cent and US Dollar as well as dependent currencies by 2.1 per cent, against the Swiss Franc, resulting in a negative impact of CHF 669 million (2.5 per cent) on turnover.
In 2024, the Group’s net turnover amounted to CHF 24,802 million representing a increase of 4.0 per cent or CHF 953 million compared to the previous year. Organic business growth resulted in an increase in net turnover of CHF 1,300 million (5.5 per cent) and acquisitions contributed to an increase of CHF 264 million (1.1 per cent). The exchange rate fluctuation had a negative impact of CHF 611 million (2.6 per cent).
Gross profit amounted to CHF 8,670 million in 2024, which represents a decrease of 1.3 per cent or CHF 117 million compared to the previous year. Organic business growth resulted in a decrease in gross profit of CHF 10 million (0.1 per cent). Exchange rate fluctuation had a negative impact of CHF 209 million (2.4 per cent) and acquisitions contributed to an increase of CHF 102 million (1.2 per cent).
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The operational cash flow decreased by CHF 184 million to CHF 2,498 million in 2024 (for further information, please refer to the cash flow statement in the consolidated financial statements).
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In 2024, earnings before interest, tax, depreciation, amortisation and impairment of property, plant and equipment, goodwill and other intangible assets (EBITDA), decreased by CHF 200 million or 7.5 per cent to CHF 2,478 million compared to the previous year’s CHF 2,678 million. EBITDA of organic business decreased by CHF 165 million (6.2 per cent), acquisitions contributed positive CHF 27 million (1.0 per cent), and the exchange rate development had a negative impact of CHF 62 million (2.3 per cent).
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In 2024, earnings before interest and tax (EBIT) decreased by CHF 249 million to CHF 1,654 million (2023: CHF 1,903 million). The reduction was mainly due to a lower contribution from the organic business by CHF 224 million (11.7 per cent), whereas the acquired business had a positive impact of CHF 18 million (0.9 per cent). The exchange rate development had a negative impact of CHF 43 million (2.3 per cent). The EBIT margin to net turnover for the Group decreased to 6.7 per cent compared to 8.0 per cent in 2023. EBIT in per cent of gross profit (conversion rate), an important KPI for the Group, decreased from 21.7 per cent in 2023 to 19.1 per cent in 2024.
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