Kuehne+Nagel Q1 Beats Estimates, Raises Outlook

Kuehne+Nagel reported Q1 recurring EBIT of CHF 308 million, beating consensus of CHF 296 million despite turnover decline to CHF 5.6 billion.
The firm lifted the lower end of its 2026 EBIT guidance to CHF 1.25 billion, setting a range of CHF 1.25‑1.40 billion.
Sea Logistics EBIT fell to CHF 113 million, Air Logistics EBIT to CHF 111 million, while Road and Contract Logistics posted modest EBIT improvements.
CEO Stefan Paul highlighted cost‑saving measures reducing unit costs and noted Middle‑East disruptions tightening air freight capacity and affecting volumes.