Kuehne + Nagel QA Profit Rises, Proposes Dividend; Says Confident Of FY21
EBITDA increased 6.8 percent to 521 million francs from 488 million francs last year.
Net turnover grew 5.5 percent to 5.54 billion francs from prior year s 5.26 billion francs.
Further, the Board of Directors proposed a dividend of 4.50 francs per share to the Annual General Meeting to be held on May 4.
Looking ahead, Joerg Wolle, Chairman of the Board of Directors, said, We were able to close the year 2020 with a record operating result - this shows the strength and resilience of our company. . With the successful completion of the restructuring of Contract Logistics, we are now ideally equipped for continued positive development. In view of Asia being the world s fastest growing economic region, the announcement of the acquisition of Apex Logistics in February 2021 is a significant milestone. The Board of Directors looks forward to the year 2021 with confidence.
Kuehne+Nagel Group
Tobias B. Staehelin proposed for election to the Board of Directors of Kuehne + Nagel International AG
Tobias B. Staehelin will be proposed for election to the Board of Directors of Kuehne + Nagel International AG at the Annual General Meeting on May 4, 2021. Staehelin, born in 1978, is currently Chief Executive Officer of C. Haushahn GmbH & Co. KG in Stuttgart and member of the Management Board of Schindler Deutschland AG & Co. KG in Berlin. He is also a member of the Board of Directors of Schindler Holding AG and Schindler Aufzüge AG. As of April 1, 2021, he was appointed Head Group Human Resources on the Schindler Group Executive Committee.