In the first quarter of 2019 , Kuehne + Nagel again increased net turnover rate , complete profit and EBIT . In seafreight , EBIT extend significantly and in overland operating results increased considerably . The market - connect loudness downslope in airfreight was largely offset by dynamic toll management . The result of declaration logistics decrease due to on-going restructuring and inspection of the labor portfolio . Overall , the group achieved a good resolution .
exposure : Kuehne + Nagel
Implementation IFRS 16 - LeasesDue to the implementation of IFRS 16 - Leases , EBITDA of the Group increased by CHF 118 million and EBIT by CHF 3 million in the first after part of 2019 . There was no material impact on earnings before taxation .
SeafreightIn seafreight , Kuehne + Nagel cover to strengthen its posture as the global market place leader with 6.2 pct growth in volume . The Group managed the transport of 1.146 million stock containers ( TEU ) in its networks – thus almost 70,000 unit more than in the previous year ’s full stop . Imports from North American and European markets to Asia cut down slightly in the first twenty-five percent ( - 2 to 3 percent ) reflect the import restrictions on recycled materials and agrarian products . Kuehne + Nagel , however , was able to attain a twofold - digit volume increase of Asiatic exports to North America and Europe . EBIT reached CHF 112 million . The EBIT - to - gross - profit ratio ( conversion pace ) grew to 29.3 percent ( previous year : 27.2 percent ) .
OverlandThe overland business continued its increase line , with a final overturn increase by 6.0 pct and crude profit by 8.0 percent in the first quarter . In overland , Kuehne + Nagel is thus continuing to achieve considerably strong growth than the overland market as a whole . Intermodal transport in North America , where meaning new business was gain ground , and fare networks in Europe both particularly give to this solution . Kuehne + Nagel is further developing its competence in overland , e.g. with digital platform and by expanding the European pharma trailer fleet . operate exabit increase well , take away into report that the anterior - twelvemonth period include a positivist one - off core of CHF 6 million .
declaration LogisticsIn the first fourth of 2019 , Kuehne + Nagel carry on to restructure its contract bridge logistics portfolio and active cost management . Net turnover rise by 6.3 percent , while gross profit increased by 4.9 percentage . The implementation of a new global storage warehouse management scheme that was induct last twelvemonth continued in the first quarter of 2019 . EBIT was down from the previous year ’s level at CHF 26 million .
Dr. Detlef Trefzger , chief executive officer of Kuehne + Nagel International AG : “ Kuehne + Nagel acquire off to a good start in 2019 . Once again , we increased our last employee turnover , gross profit and exabit . However , we chance ourselves in an environment in which spherical economical development is perceptibly slow down . In this volatile market environment we are well positioned . logical with our business enterprise strategy , we focus on introducing new digital platforms and extremely specialised industry solution . For 2019 , we plan to remain on course to grow as a Group and further increase our event .
