(Reuters) - Swiss logistics group Kuehne und Nagel International reported a 39% drop in first quarter operating profit on Tuesday, impacted by negative currency exchange effects.

Its earnings before interest and tax were 376 million Swiss francs ($412 million) in the first three months of 2024, down from 612 million francs a year earlier, beating analysts' average forecast of 330.5 million provided by LSEG.

($1 = 0.9120 Swiss francs)

(Reporting by Anastasiia Kozlova and Amir Orusov in Gdansk; Editing by Milla Nissi)