Efficiency increase alongside volume reduction in the first quarter of …
Kuehne+Nagel GroupCHF m
Q1 2023
Q1 2022
Δ
Net turnover
6,748
10,158
-37%
Gross profit
2,394
2,942
-19%
EBITDA
803
1.306
-39%
EBIT
612
1.120
-45%
Earnings
462
832
-45%
Free cash flow
415
1,037
-60%
The start of the 2023 business year was marked by geop…