in per cent
|Gross profit in per cent of net turnover||36.7||37.8|
In per cent of net turnover
In per cent of gross profit
|Earnings for the year||789||800||–1.4|
|Earnings for the year (Kuehne+Nagel share)||788||798||–1.3|
|Earnings per share basic (in CHF)||6.59||6.67||–1.2|
|Operational cash flow||1,904||1,746||9.1|
|Capital expenditures for fixed assets||177||320||–44.7|
|Total employees at year end||78,249||83,161||–5.9|
|Total full-time equivalents of employees at year end||72,021||78,448||–8.2|
Kuehne+Nagel’s net turnover decreased by CHF 712 million or 3.4 per cent in 2020, and gross profit declined by CHF 506 million or 6.3 per cent compared to the previous year.
In 2020, EBIT increased by CHF 9 million or 0.8 per cent. At constant exchange rates and excluding acquisitions the increase would have been CHF 75 million or 7.0 per cent. Earnings for the year 2020 decreased by CHF 11 million or 1.4 per cent compared to 2019. In constant currencies and excluding acquisitions the Group would have increased the earnings for the year by CHF 37 million or 4.7 per cent.
Capital expenditure in fixed assets decreased by CHF 143 million or 44.7 per cent to CHF 177 million compared to the previous year. In 2020, the Kuehne+Nagel Group decreased the number of employees year-on-year by 4,912 or 5.9 per cent from 83,161 to 78,249 employees. The number of full time equivalents of employees reached 72,021 versus 78,448, which is a decrease of 6,427 or 8.2 per cent.