Kuehne + Nagel International AG (STU:KNIU)
€ 43.6 -0.4 (-0.91%) Market Cap: 25.79 Bil Enterprise Value: 27.26 Bil PE Ratio: 21.67 PB Ratio: 8.45 GF Score: 89/100

Half Year 2019 Kuehne und Nagel International AG Earnings Call Transcript

Jul 23, 2019 / 12:00PM GMT
Release Date Price: €26.9 (+3.74%)
Operator

Ladies and gentlemen, welcome to the half year 2019 results conference call. I'm Maura, the Chorus Call operator. (Operator Instructions) And the conference is being recorded. (Operator Instructions) The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Detlef Trefzger, CEO of Kuehne + Nagel.

Detlef A. Trefzger;Nagel International AG;Chairman of Management Board;CEO
Kuehne

+-&

Thanks, Maura. Good morning, good day, good afternoon and good evening to all of you and welcome to the Kuehne + Nagel analyst conference on the half year 2019 results. Our CFO, Markus Blanka-Graff, and I welcome you from sunny Switzerland. We published our results and the associated analyst presentation earlier this morning. And as always, we will start on Slide 3 of the slide deck.

In the first half year of 2019, we achieved a high-level result in a tough environment. The group earnings was stable at CHF 384 million for the first half year despite significant headwind

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