Investor Relations

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Key Financial Data

CHF million 2004* 2005* 2006* 2007* 2008
Turnover 11,563 14,049 18,194 20,975 21,599
Gross profit 2,323 2769 5,253 6,014 6,253
% of turnover 20.1 19.7 28.9 28.7 29.0
EBITDA 478 575 857 1,019 1,020
% of gross profit 20.6 20.8 16.3 16.9 16.3
EBIT 322 443 602 693 736
% of gross profit 13.9 16.0 11.5 11.5 11.8
EBT 344 459 603 708 764
% of gross profit 14.8 16.6 11.5 11.8 12.2
Net earnings for the year (Kuehne + Nagel share) 239 324 459 536 585
% of gross profit 10.3 11.7 8.7 8.9 9.4
Depreciation, amortisation and impairment of intangible assets 156 132 255 326 284
% of gross profit 6.7 4.8 4.9 5.4 4.5
Operational cash flow 488 575 857 1,043 1,015
% of gross profit 21.0 20.8 16.3 17.3 16.2
Capital expenditures for fixed assets 107 190 246 231 245
% of operational cash flow 21.9 33.0 28.7 22.1 24.1
Balance sheet total 2,845 4,232 5,720 6,438 5,555
Non-current assets 827 1,004 2,290 2,119 1,864
Equity 799 1,577 1,964 2,367 2,073
% of total assets 28.1 37.3 34.3 36.8 37.3
Employees at year end 21,193 25,607 46,290 51,075 53,823
Personnel expense 1,272 1,500 2,959 3,396 3,518
% of gross profit 54.8 54.2 56.3 56.6 56.3
Gross profit in CHF 1,000 per employee 110 108 113 118 116
Manpower expense in CHF 1,000 per employee 60 59 64 66 65

Net earnings per share (nominal CHF 1) in CHF
2004
2005
2006
2007
2008
Consolidated net income for the year (Kuehne + Nagel share) ** 2.10 2.95 3.91 4.54 4.96
Distribution in the following year 0.90 1.10 1.50 1.90 2.30 ***
in % of the consolidated net income for the year 43.0 37.0 39.0 41.8 46.4

Development of share price
2004
2005
2006
2007
2008
Zurich (high/low in CHF) 50/28 74/46 99/69 131/91 113/57
Average trading volume per day 47,545 118,095 161,664 195,916 331,536
           

* Restated for comparison purposes.
** Excluding treasury shares.
*** Ecluding extraordinary dividend.