Consolidated Financial Statements 2020 of the Kuehne+Nagel Group

Income Statement

CHF million Note 2020 2019 Variance
in per cent
Net turnover 19 20,38221,094–3.4
Net expenses for services from third parties   –12,907 –13,113  
Gross profit 19 7,4757,981–6.3
Personnel expenses 20 –4,443 –4,877  
Selling, general and administrative expenses 21 –1,268 –1,372  
Other operating income/expenses, net 22 156 97  
EBITDA   1,9201,8295.0
Depreciation of property, plant and equipment 26 –185 –206  
Depreciation of right-of-use assets 27 –506 –497  
Amortisation of other intangibles 28 –40 –54  
Impairment of assets 28/40/47 –119 –11  
EBIT   1,0701,0610.8
Financial income 23 9 11  
Financial expenses 23 –22 –29  
Result from joint ventures and associates   2 4  
Earnings before tax (EBT)   1,0591,0471.1
Income tax 24 –270 –247  
Earnings for the year   789800–1.4
         
Attributable to:        
Equity holders of the parent company   788 798 –1.3
Non-controlling interests   1 2  
Earnings for the year   789800–1.4
         
Basic earnings per share in CHF 25 6.596.67–1.2
Diluted earnings per share in CHF 25 6.576.66–1.4