WASHINGTON (dpa-AFX) - Swiss logistics firm Kuehne + Nagel Group (KHNGY) reported Monday that its third-quarter net earnings attributable to equity holders of the parent company increased 4 percent to 183 million Swiss francs from last year's 176 million francs a year ago.
Earnings per share grew 4.1 percent to 1.53 francs from 1.47 francs last year.
Earnings before interest and tax was 233 million francs, up 4.5 percent from 223 francs last year. EBITDA, a key earnings metric, grew 6 percent to 286 million francs from 270 million francs a year earlier.
Net turnover climbed 15 percent to 4.71 billion francs from 4.10 billion francs a year earlier.
Detlef Trefzger, CEO of Kuehne + Nagel International, said, 'With strong volume growth and active cost management we further improved results in the third quarter in line with our expectations. In seafreight a margin improvement was achieved in the third quarter. The airfreight, overland and contract logistics businesses contributed to significant profitability increases.'
Looking ahead, Trefzger added that the business development in the first nine months of 2017 confirms its strategic focus on value-creating solutions and makes it confident to reach profitability targets set for the full business year.
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