Despite volume growth, cost increases, lower margins in the forwarding business and an antitrust fine of 65 million Swiss francs imposed by the European Commission led to unsatisfactory results in the first quarter of 2012 for the Kuehne + Nagel Group.
At 4,834 million Swiss francs, turnover remained stable compared to the same period of the previous year (currency adjusted: an increase of 5.4 per cent). Gross profit improved by 3.0 per cent (currency adjusted [...]


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