Overview
- Net revenue in Q3 fell 7% to 6.0 billion Swiss francs as EBIT dropped 37% to 285 million and net profit declined 39% to 206 million.
- The company lowered its 2025 EBIT guidance to more than 1.3 billion francs from a prior range of 1.4–1.6 billion.
- A new savings program targets over 200 million francs in annual cost reductions through process changes and increased automation.
- Up to 1,500 jobs are set to be cut, equal to roughly 2% of the global workforce of about 85,000 employees.
- Kühne+Nagel cites a sharp fall in shipments to the United States after April tariff announcements, along with overcapacity, margin pressure and a stronger Swiss franc.