in per cent
|Gross profit in per cent of net turnover||37.1||37.8|
|EBIT in per cent of net turnover||4.8||5.0|
|EBIT in per cent of gross profit||12.8||13.3|
|Earnings for the year||772||740||4.3|
|Earnings for the year (Kuehne + Nagel share)||770||737||4.5|
|Earnings per share basic (in CHF)||6.43||6.16||4.5|
|Operational cash flow||1,156||1,148||0.7|
|Capital expenditures for fixed assets||315||225||40.0|
|Total employees at year-end||81,900||75,876||7.9|
|Total full-time equivalents of employees at year-end||77,416||71,263||8.6|
Kuehne + Nagel’s net turnover increased in 2018 by CHF 2,180 million or 11.7 per cent and gross profit increased by CHF 686 million or 9.8 per cent compared to the previous year.
In 2018, EBIT increased by CHF 50 million or 5.3 per cent. At constant exchange rates and excluding acquisitions the increase would have been CHF 44 million or 4.6 per cent. The Group increased earnings for the year 2018 by CHF 32 million or 4.3 per cent compared to 2017, in constant currencies and excluding acquisitions by CHF 30 million or 4.1 per cent. Capital expenditure in fixed assets increased by CHF 90 million or 40.0 per cent to CHF 315 million compared to the previous year with investments related to new business and state of the art warehousing space in Contract Logistics.
In 2018, the Kuehne + Nagel Group increased the number of employees year-on-year by 6,024 or 7.9 per cent from 75,876 to 81,900 employees. The number of full time equivalents of employees reached 77,416 versus 71,263, which is an increase of 6,153 or 8.6 per cent.