Kuehne+Nagel lifts 2026 outlook for third time on growth in air and sea logistics

By Reuters News

Oct 22 (Reuters) - Kuehne+Nagel KNIN.S raised its 2026 operating profit guidance for the third time this year on Thursday, citing continued strength in its air logistics business and market share gains in sea logistics.

The freight forwarder, which operates in more than 100 countries, expects recurring earnings before interest and taxes of 1.5 billion to 1.6 billion Swiss francs ($1.8 billion to $2.0 billion) in 2026, up from the 1.35 billion to 1.55 billion franc range last raised in July.

Analysts polled by the company had forecast a median operating profit of 1.5 billion francs for the year.

($1 = 0.8226 Swiss francs)

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