Condensed Consolidated Interim Financial Statements 2021

Quarterly Report 2022

Condensed

Consolidated

Interim Financial

Statements 2022

(unaudited)

January - June 2022

Condensed consolidated interim financial statements 2022

3

Contents

Income statement

4

Statement of comprehensive income

5

Balance sheet

6

Statement of changes in equity

8

Cash flow statement

10

Notes to the condensed consolidated

interim financial statements

12

Financial calendar

25

Schindellegi, July 22, 2022

4

Condensed consolidated interim financial statements 2022

Income statement

January - June

April - June

Variance

Variance

CHF million

2022

2021

in per cent

2022

2021

in per cent

Net turnover

20,631

13,273

55.4

10,473

7,241

44.6

Net expenses for services from third parties

-14,733

-8,946

-7,517

-4,933

Gross profit

5,898

4,327

36.3

2,956

2,308

28.1

Personnel expenses

-2,587

-2,316

-1,299

-1,210

Selling, general and administrative expenses

-724

-613

-373

-310

Other operating income/expenses, net

-7

-

-10

-1

EBITDA

2,580

1,398

84.5

1,274

787

61.9

Depreciation of property, plant and equipment

-96

-94

-53

-48

Depreciation of right-of-use assets

-254

-245

-130

-121

Amortisation of other intangibles

-35

-23

-16

-13

EBIT

2,195

1,036

111.9

1,075

605

77.7

Financial income

27

6

16

3

Financial expenses

-11

-11

-7

-6

Result from joint ventures and associates

3

2

2

1

Earnings before tax (EBT)

2,214

1,033

114.3

1,086

603

80.1

Income tax

-586

-269

-290

-157

Earnings

1,628

764

113.1

796

446

78.5

Attributable to:

Equity holders of the parent company

1,537

756

103.3

754

439

71.8

Non-controlling interests

91

8

42

7

Earnings

1,628

764

113.1

796

446

78.5

Basic earnings per share in CHF

12.90

6.31

104.4

6.33

3.66

73.0

Diluted earnings per share in CHF

12.83

6.29

104.0

6.29

3.65

72.3

Income statement/Statement of comprehensive income

5

Statement of comprehensive income

January - June

April - June

CHF million

2022

2021

2022

2021

Earnings

1,628

764

796

446

Other comprehensive income

Items that may be reclassified subsequently to profit or loss:

Foreign exchange differences

29

74

-35

-33

Gains/(losses) on cash flow hedges

-

-28

-

-28

Items that will not be reclassified to profit or loss:

Actuarial gains/(losses) on defined benefit plans

160

37

93

-4

Income tax on actuarial gains/(losses) on defined benefit plans

-40

-9

-23

1

Total other comprehensive income, net of tax

149

74

35

-64

Total comprehensive income

1,777

838

831

382

Attributable to:

Equity holders of the parent company

1,682

830

795

374

Non-controlling interests

95

8

36

8

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Kuehne + Nagel International AG published this content on 25 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 July 2022 04:53:01 UTC.