Following a weaker first quarter – largely due to developments in the sea freight sector – the logistics group Kühne+Nagel has issued two bonds with the aim of raising fresh capital.
“As part of its regular financing activities,” according to an official statement, Kuehne+Nagel International AG has issued two bonds. They amount to 170 million Swiss francs and 230 million Swiss francs – equivalent to around 184 and 250 million euros.
The proceeds from both bonds are intended “to finance or refinance existing liabilities and for general corporate purposes, including the repayment of credit facilities”, announced the Switzerland-based group with German roots.
The first bond carries a fixed coupon of 0.819% and has a maturity of three years and four months; it matures on 2 November 2029. The second bond has a fixed coupon of 1.090% and a maturity of six years and four months; it matures on 2 November 2032.
For K+N, 2026 has got off to a slightly weaker start than the previous year. The balance sheet was weighed down primarily by the sea freight business, where the crisis in the Middle East made itself felt. Net turnover amounted to CHF 5.6 billion – 12 per cent less than in the same period last year. EBIT stood at CHF 343 million (-15 per cent) and net profit at CHF 248 million. Here, the decline was as high as 18 per cent. Net turnover for the Sea Freight division stood at CHF 1.9 billion in the first quarter of 2026, with EBIT at CHF 113 million. This represents a decline of 25% and as much as 46% in these key figures. Gross profit fell significantly by 22% to CHF 449 million. Transport volume stood at 1 million TEU at the end of March.
