Kuehne+Nagel increased third-quarter 2026 net turnover by 22% to CHF 7.386 billion. EBIT rose 53% to CHF 435 million and net profit increased 53% to CHF 316 million. All four business units improved profitability, while the company raised its recurring full-year EBIT outlook to CHF 1.5–1.6 billion.
Financial performance improves across the group
In the same quarter of 2025, turnover was CHF 6.043 billion, EBIT CHF 285 million and net profit CHF 206 million. Gross profit increased from CHF 2.107 billion to CHF 2.388 billion, EBITDA from CHF 514 million to CHF 662 million and free cash flow from CHF 226 million to CHF 336 million.
| CHF million | Q3 2025 | Q3 2026 | Change |
|---|---|---|---|
| Net turnover | 6,043 | 7,386 | +22% |
| Gross profit | 2,107 | 2,388 | +13% |
| EBITDA | 514 | 662 | +29% |
| EBIT | 285 | 435 | +53% |
| Net profit | 206 | 316 | +53% |
| Free cash flow | 226 | 336 | +49% |
During the first nine months of 2026, turnover reached CHF 19.605 billion, EBIT CHF 1.159 billion and net profit CHF 840 million. Nine-month free cash flow increased to CHF 646 million from CHF 521 million.
Sea logistics: volumes and margins rise
Sea logistics turnover grew 20% to CHF 2.703 billion, while EBIT rose 55% to CHF 172 million. Quarterly shipping volumes increased 5%, with the nine-month cumulative volume reaching 3.3 million TEU. The company pointed to market-share gains on Asian and transatlantic trade routes.
Air logistics EBIT increases 84%
Air logistics revenue advanced 38% to CHF 2.378 billion and EBIT increased 84% to CHF 169 million. Quarterly volume growth accelerated to 10%, from 3% in the preceding quarter. The company cited demand from cloud-computing infrastructure and semiconductor customers. The group also opened a temperature-controlled healthcare logistics hub at Frankfurt Airport in September.
Road and contract logistics also grow
Road logistics recorded CHF 1.006 billion in turnover, up 14%, and EBIT of CHF 28 million, up 40%. Contract logistics increased turnover 9% to CHF 1.299 billion and EBIT 7% to CHF 66 million. New contracts were accompanied by the hiring of around 4,000 employees.
Higher cash flow and guidance
Third-quarter free cash flow rose to CHF 336 million, up 49%. Kuehne+Nagel announced a long-term collaboration with Amazon and AWS, without disclosing its value. It also lifted full-year recurring EBIT guidance to CHF 1.5–1.6 billion. This adjusted measure need not equal the group’s reported EBIT.
Source: Kuehne+Nagel International AG, third-quarter results published 22 October 2026. Original Polish article.
