consolidated financial statements 2017 of the kuehne + nagel group

Income Statement

CHF million Note 2017 2016 Variance
per cent
Net turnover 19 18,594 16,525 12.5
Net expenses for services from third parties   –11,571 –9,975  
Gross profit 19 7,023 6,550 7.2
Personnel expenses 20 –4,243 –3,957  
Selling, general and administrative expenses 21 –1,643 –1,525  
Other operating income/expenses, net 22 13 42  
EBITDA   1,150 1,110 3.6
Depreciation of property, plant and equipment 26 –172 –161  
Amortisation of other intangibles 27 –41 –31  
EBIT   937 918 2.1
Financial income 23 16 12  
Financial expenses 23 –4 –3  
Result from joint ventures and associates   6 8  
Earnings before tax (EBT)   955 935 2.1
Income tax 24 –215 –215  
Earnings for the year   740 720 2.8
         
Attributable to:        
Equity holders of the parent company   737 718 2.6
Non-controlling interests   3 2  
Earnings for the year   740 720 2.8
         
Basic earnings per share in CHF 25 6.16 5.99 2.9
Diluted earnings per share in CHF 25 6.15 5.98 2.9