consolidated financial statements 2016 of the kuehne + nagel group

Income Statement

CHF million Note 2016 2015 Variance
per cent
Net turnover 19 16,525 16,731 –1.2
Net expenses for services from third parties   –9,975 –10,480  
Gross profit 19 6,550 6,251 4.8
Personnel expenses 20 –3,957 –3,741  
Selling, general and administrative expenses 21 –1,525 –1,470  
Other operating income/expenses, net 22 42 1  
EBITDA   1,110 1,041 6.6
Depreciation of property, plant and equipment 26 –161 –137  
Amortisation of other intangibles 27 –31 –54  
EBIT   918 850 8.0
Financial income 23 12 25  
Financial expenses 23 –3 –4  
Result from joint ventures and associates 19 8 7  
Earnings before tax (EBT)   935 878 6.5
Income tax 24 –215 –199  
Earnings for the year   720 679 6.0
Attributable to:        
Equity holders of the parent company   718 676 6.2
Non-controlling interests   2 3  
Earnings for the year   720 679 6.0
Basic earnings per share in CHF 25 5.99 5.64 6.2
Diluted earnings per share in CHF 25 5.98 5.63 6.2