News
Earnings · Job Cuts · Logistics · Middle East Conflict
Kuehne+Nagel reported a 17% drop in recurring earnings before interest and taxes (EBIT) for 2025, reaching CHF 1.38 billion, attributed to a deteriorating macroeconomic and freight-market environment.
The company is implementing a cost-savings program targeting over CHF 200 million, which includes cutting more than 2,000 jobs. For 2026, Kuehne+Nagel forecasts recurring EBIT between CHF 1.2–1.4 billion, expecting AI-driven productivity gains and cost reductions to offset market headwinds.
The company is also rerouting shipments due to the Middle East conflict, leading to potential cargo delays and capacity concerns, particularly in air freight. While the conflict introduces complexity that could benefit logistics providers, it also poses risks if prolonged.
Major shipping companies like Maersk and Hapag-Lloyd have also altered routes.
