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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
