Kuehne+Nagel International stock holds steady on 2025 earnings and 2026 guidance

Kuehne+Nagel International (ISIN CH0025238863) closed 2025 with net sales of CHF 24.8 billion, EBIT of CHF 1.0 billion and earnings per share of CHF 14.25, according to the companys annual report. The group also guided for EBIT above CHF 1.0 billion in 2026, a useful baseline for investors assessing the logistics cycle.

EBIT above CHF 1.0 billion

The 2025 EBIT of CHF 1.0 billion compared with CHF 1.1 billion in 2024, while net income came in at CHF 760 million versus CHF 1.1 billion a year earlier. Gross profit increased to CHF 8.6 billion from CHF 8.3 billion, showing that the company kept profit generation resilient even as the freight backdrop normalized.

The same annual report said return on invested capital stayed above the cost of capital, which matters because Kuehne+Nagel International is a capital-light operator where conversion and margin discipline drive valuation more than asset growth. The 2026 EBIT outlook above CHF 1.0 billion gives the market a second reference point after the 2025 base.

Revenue at CHF 24.8 billion

Net sales of CHF 24.8 billion in 2025 were slightly below CHF 26.4 billion in 2024, a decline of about 6.1% year over year. That comparison matters more than the headline level because it shows how volume normalization and pricing shifts worked through the network.

Air Logistics generated CHF 8.0 billion of net sales in 2025, Sea Logistics CHF 9.9 billion, Road Logistics CHF 2.4 billion and Contract Logistics CHF 4.5 billion. Those segment numbers show a broad portfolio rather than dependence on a single trade lane.

Contract Logistics at CHF 4.5 billion

Contract Logistics delivered CHF 4.5 billion of net sales in 2025, after CHF 4.3 billion in 2024, while Road Logistics rose to CHF 2.4 billion from CHF 2.3 billion. Air Logistics and Sea Logistics remained the largest divisions, which helps explain why the group can offset weakness in one lane with steadier demand in another.

For investors, the mix is the key variable: the 2025 earnings base was built on CHF 8.6 billion of gross profit and CHF 760 million of net income, not on one-off gains. That gives the 2026 guidance above CHF 1.0 billion a clearer operating context.

Products and services

Kuehne+Nagel International is best known for freight forwarding and contract logistics, with Air Logistics and Sea Logistics acting as the core products behind the revenue base. In 2025 those two divisions together accounted for CHF 17.9 billion of net sales, giving the company scale across air cargo, ocean freight, road freight and warehousing.

Stock and market view

As there is no dated live quote in the available material, the market anchor here is the reported 2025 financial base and 2026 guidance. On that basis, the share story remains tied to EBIT conversion, segment mix and whether the company can defend profitability near the CHF 1.0 billion level.