Kuehne + Nagel International AG (CHIX:KNINz)
CHF 208.25 -1.55 (-0.74%) Market Cap: 24.69 Bil Enterprise Value: 26.07 Bil PE Ratio: 21.67 PB Ratio: 8.45 GF Score: 79/100

Q3 2023 Kuehne und Nagel International AG Earnings Call Transcript

Oct 25, 2023 / 12:00PM GMT
Release Date Price: CHF241.2 (-4.66%)
Operator

Ladies and gentlemen, welcome to the 9 Months 2023 Results Conference Call and Live Webcast. I am Sandra, the Chorus Call operator. (Operator Instructions). The conference will not be recorded for publication or broadcast.

At this time, it's my pleasure to hand over to Mr. Stefan Paul, CEO of Kuehne + Nagel.

Stefan Paul;Nagel International AG;CEO;Member of Management Board
Kuehne

+-&

Thank you very much, Sandra. Good afternoon, and welcome to the presentation of Kuehne + Nagel 9 Months 2023 financial results. I'm Group CEO, Stefan Paul, and I'm joined on the call today by our group CFO, Markus Blanka-Graff. Let's go into Page #2, 9 months results. The solid financial results for the first 9 months of 2023 reflect accelerated cost management and continued strong yield management amidst subdued demand for logistics services. They also reflect the extraordinary comparison basis of 2022 results. As was the case in the first half, EBIT for the first 9 months of 2023 would have been the strongest in history

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