| CHF million | 2022 | 2021 |
Variance in per cent |
|---|---|---|---|
| Turnover | 43,034 | 36,699 | 17.3 |
| Net turnover | 39,398 | 32,801 | 20.1 |
| Gross profit | 11,109 | 9,896 | 12.3 |
| Gross profit in per cent of net turnover | 28.2 | 30.2 | |
| EBITDA | 4,532 | 3,679 | 23.2 |
|
EBIT In per cent of net turnover In per cent of gross profit |
3,763 9.6 33.9 |
2,946 9.0 29.8 |
27.7 |
| Earnings | 2,810 | 2,155 | 30.4 |
| Earnings (Kuehne+Nagel share) | 2,644 | 2,032 | 30.1 |
| Earnings per share basic (in CHF) | 22.15 | 16.92 | 30.9 |
| Operational cash flow | 4,523 | 3,688 | 22.6 |
| Capital expenditures for fixed assets | 239 | 197 | 21.3 |
| Total employees at year-end | 80,334 | 78,087 | 2.9 |
| Total full-time equivalents of employees at year-end | 75,194 | 73,516 | 2.3 |
Kuehne+Nagel’s net turnover increased by CHF 6,597 million or 20.1 per cent in 2022, and gross profit grew by CHF 1,213 million or 12.3 per cent compared to the previous year, whereof the inorganic growth was 4.4 per cent of net turnover and 3.7 per cent of gross profit.
In 2022, EBIT increased by CHF 817 million or 27.7 per cent. At constant exchange rates and excluding acquisitions and divestments, the increase would have been CHF 690 million or 23.4 per cent. Earnings for the year 2022 increased by CHF 655 million or 30.4 per cent compared to 2021. In constant currencies and excluding acquisitions and divestments the Group would have increased the earnings for the year by CHF 590 million or 27.4 per cent.
Capital expenditure in fixed assets increased by CHF 42 million or 21.3 per cent to CHF 239 million compared to the previous year. In 2022, the Kuehne+Nagel Group increased the number of employees year-on-year by 2,247 or 2.9 per cent from 78,087 to 80,334 employees, which includes a net reduction of 853 employees from business combinations. The number of full time equivalents of employees reached 75,194 versus 73,516 which is an increase of 1,678 or 2.3 per cent.