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
Back to the Transcripts List

Half Year 2024 Kuehne und Nagel International AG Earnings Call Transcript

Jul 23, 2024 / 12:00PM GMT
Release Date Price: €54.5 (+1.87%)

Key Points

Positve
  • Kuehne + Nagel International AG (KHNGF) achieved a Q2 EBIT result of CHF402 million, improving from CHF376 million in Q1.
  • The company expects stronger group profits in the second half of the year due to higher seafreight yields and an anticipated airfreight peak season.
  • Sea Logistics saw a significant EBIT improvement from CHF107 million in Q1 to CHF200 million in Q2.
  • Air Logistics delivered a solid EBIT of CHF160 million in Q2, up from CHF94 million in Q1.
  • Contract Logistics generated a stable EBIT result of CHF50 million in Q2, with gross profit growth accelerating to 8% year-on-year.
Negative
  • Sea Logistics' year-on-year volume development was down 1% in Q2, reflecting a challenging market environment.
  • Recurring operating expenses in Air Logistics increased by 3% in Q2 due to inflationary pressures.
  • Road Logistics experienced soft demand in core European and North American markets, impacting GP growth.
  • The acquisition of Malaysia Bay City Zone Express faced delays in regulatory approval, now expected to close in Q3.
  • Net working capital expanded due to a sharp rise in seafreight rates, impacting free cash flow generation.
Operator

Ladies and gentlemen, welcome to the half year 2024 results conference call and live webcast. I am Sandra, 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 Mr. Stefan Paul, CEO of Kuehne und Nagel. Please go ahead, sir.

Stefan Paul
Kuehne und Nagel International AG - Chief Executive Officer, Member of the Management Board

Thank you very much, Sandra, and good afternoon and welcome to the presentation of Kuehne und Nagel half year 2024 financial results. I'm CEO, Stefan Paul and I'm once again joined by our CFO, Markus Blanka-Graff, sitting next to me. Let's go into the half year 2024 figures, page number 2.

Focusing on the most recent quarter, the Kuehne und Nagel group achieved a Q2 EBIT result of CHF402 million, which fulfilled our expectations to improve on the Q1 results of CHF376 million. The Q EBIT result was CHF419 million, excluding nonrecurring costs

Already have an account? Log in
Get the full story
Start 7-Day Free Trial
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot
Research Tools
All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board
Product
Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文
Education
Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation
Company
About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program
Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey
Follow Us
download GuruFocus on Apple store download GuruFocus on Google Play
Disclaimers
GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.
© 2004-2024 GuruFocus.com, LLC. All Rights Reserved.