Consolidated Financial Statements 2019 of the Kuehne+Nagel Group

Income Statement

CHF million Note 2019 2018 Variance
per cent
Net turnover 19 21,09420,7741.5
Net expenses for services from third parties   –13,113 –13,065  
Gross profit 19 7,9817,7093.5
Personnel expenses 20 –4,877 –4,736  
Selling, general and administrative expenses 21 –1,372 –1,811  
Other operating income/expenses, net 22 97 47  
EBITDA   1,8291,20951.3
Depreciation of property, plant and equipment 26 –206 –192  
Depreciation of right-of-use assets 27 –497  
Amortisation of other intangibles 28 –65 –30  
EBIT   1,0619877.5
Financial income 23 11 10  
Financial expenses 23 –29 –7  
Result from joint ventures and associates   4 4  
Earnings before tax (EBT)   1,0479945.3
Income tax 24 –247 –222  
Earnings for the year   8007723.6
         
Attributable to:        
Equity holders of the parent company   798 770 3.6
Non-controlling interests   2 2  
Earnings for the year   8007723.6
         
Basic earnings per share in CHF 25 6.676.433.7
Diluted earnings per share in CHF 25 6.666.423.7