Status Report

Investments, Depreciation and Amortisation


In 2017, the Kuehne + Nagel Group invested a total of CHF 225 million (2016: CHF 239 million) in fixed assets. Investments in properties and buildings amounted to CHF 48 million (2016: CHF 42 million), of which the most substantial amount into a new large-scale pharma logistics facility in Moehlin, Switzerland, and CHF 177 million (2016: CHF 197 million) were invested in other fixed assets, operating and office equipment.

 

All capital expenditure in 2017 was financed through operational cash flow. 

 

In 2017, the following major investments were made in properties and buildings:

Investments in fixed assets / depreciation


Location CHF million Centres
Moehlin, Switzerland 15 Construction of a large-scale pharma logistics facility
Geel, Belgium 7 Expansion of a logistics facility
Mississauga, Canada 7 Construction of a built-to-suit warehouse
Bremen, Germany 6 Construction of a new office building
Various locations 13  
Total 48  

The allocation of investments in other fixed assets, operating and office equipment by category is as follows:

CHF million 2017 2016
Operating equipment 74 93
Vehicles 13 16
Leasehold improvements 46 43
IT hardware 34 34
Office furniture and equipment 10 11
Total 177 197

The allocation by region is as follows:

CHF million 2017 2016
EMEA 116 151
Americas 40 26
Asia-Pacific 21 20
Total 177 197

The allocation by business unit is as follows:

CHF million 2017 2016
Seafreight 19 19
Airfreight 18 22
Overland 23 31
Contract Logistics 117 125
Total 177 197

Depreciation and amortisation in 2017 amounted to CHF 213 million and was allocated in the income statement as indicated in notes 26 and 27 to the Consolidated Financial Statements.

 

The Group continued to operate an asset-light business model and invests only into strategically important locations with high demand for state of the art logistic space.