Welcome note from the Chairman of the Board of Directors

Ladies and Gentlemen,
dear Shareholders

 

In 2016, the Kuehne + Nagel Group once again achieved very good results with an increase in earnings by 6 per cent despite the challenging macroeconomic environment. Market share gains in all business units underline that the focus on industry-specific logistics services and tailor made solutions meets the requirements of customers around the world. The Group’s high profitability, setting benchmarks in the industry, is evidence of its operational efficiency. The continuing strong performance confirms the competence, professionalism and commitment of the employees worldwide, and on behalf of the Board of Directors I would like to thank all of them.

 

The excellent market position and reputation the Kuehne + Nagel Group enjoys has been built up over more than 125 years. Across three generations of the Kuehne family until today, the company has embodied a culture characterised by entrepreneurial spirit, customer orientation, responsibility, innovative power and efficiency.

 

For more than four decades Klaus-Michael Kuehne, grandson of the company founder August Kuehne, has significantly shaped the transformation from a medium-sized family business into a leading global logistics company. As majority shareholder and Honorary Chairman of Kuehne + Nagel International AG, publicly listed since 1994, his entrepreneurial focus continues to be on the dynamic development of the Kuehne + Nagel Group. The social responsibility Klaus-Michael Kuehne assumes through his Kuehne Foundation, also on behalf of the company, benefits with its logistics support projects the entire industry.

 

By striking the right balance between tradition and innovation as well as clearly defined future strategies and leadership principles, Kuehne + Nagel will master upcoming challenges in a fast changing and complex market environment. The company’s business model is resilient and the structures and processes both scalable and flexible enough to act proactively. Its customer proximity enables Kuehne + Nagel to expand and optimise its service portfolio to meet current and future requirements. Other important factors contributing to the company’s success are its focus on integrated industry-specific logistics solutions across multiple stages in the supply chain as well as Kuehne + Nagel’s pioneering IT competence.

 

The logistics business is going through a period of change with mergers and acquisitions on the one hand and digitalisation, creating new competitors and new business models, on the other. Kuehne + Nagel is making use of these shifts to open up new markets through the development of digital products and services and to generate further efficiency gains for customers and the company. Thus, Kuehne + Nagel considers digitalisation as a factor that is reinforcing its business model.

 

The Kuehne + Nagel brand is particularly strong and meets the highest standards. The Management Board enjoys the confidence of the Board of Directors to set the right priorities for continuing success thereby further increasing company value, and to consistently implement the long-term strategy.

 

We would be delighted if you, ladies and gentlemen, dear shareholders, continue to accompany us on our journey!

 

Yours sincerely,

Dr. Joerg Wolle

Chairman of the Board of Directors

From left to right:

Dr. Renato Fassbind

Hans Lerch

Hauke Stars

Dr. Joerg Wolle, 
Chairman

Klaus-Michael Kuehne,
Honorary Chairman

Karl Gernandt,
Vice Chairman

Dr. Thomas Staehelin

Juergen Fitschen

Dr. Martin C. Wittig


 

"Across three generations of the Kuehne family until today, the company has embodied a culture characterised by entrepreneurial spirit, customer orientation, responsibility, innovative power and efficiency."