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

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)

Reporting by Anastasiia ​Kozlova and Basile Day in ​Gdansk, editing by Milla Nissi-Prussak