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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Kuehne + Nagel International AG    KNIN   CH0025238863

KUEHNE + NAGEL INTERNATIONAL AG

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An easy play: Schleich relies on climate neutral logistics with Kuehne+Nagel's Net Zero Carbon programme

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07/07/2020 | 12:49am EDT
Schindellegi, CH,
07
July
2020
|
06:45
Europe/Berlin
Kuehne+Nagel Group
An easy play: Schleich relies on climate neutral logistics with Kuehne+Nagel's Net Zero Carbon programme
  • German toy manufacturer Schleich now handles its sea freight on a CO2 neutral basis with Kuehne+Nagel
  • Current market environment does not prevent customers from addressing the CO2 emissions of their supply chains
  • With Net Zero Carbon, Kuehne+Nagel offers a complete solution for CO2 neutralisation
Image Kuehne+Nagel Schleich Net Zero Carbon

Even in the currently volatile market environment, solutions for climate-neutral supply chains remain highly popular. Schleich GmbH, one of the largest toy manufacturers in Germany and the leading international provider of realistic animal figures, has decided to neutralise its entire sea freight CO2 footprint with the help of Kuehne+Nagel.

'The decisive factor was Kuehne+Nagel's Net Zero Carbon programme, which sets new standards with CO2 neutral logistics. We are pleased about this cooperation set on common values for the environment and people,' says Dirk Engehausen, Chief Executive Officer of Schleich GmbH.

As part of its Net Zero Carbon programme, Kuehne+Nagel offers Schleich a complete solution for CO2 neutralisation. By choosing particularly climate-friendly sea freight connections and compensating the remaining emissions with CO2 certificates, the sea freight of the German toy manufacturer is shipped in a climate-neutral way. Kuehne+Nagel takes care of the entire process and ensures smooth coordination with the rest of the supply chain.

With Net Zero Carbon, Kuehne+Nagel not only supports customers on their way to climate neutrality; the company has also set ambitious climate targets for itself. By the end of 2020, the company's own CO2 emissions (Scopes 1 and 2 of the greenhouse gas protocol) will be neutral; by 2030, this will be extended to all transport by suppliers such as airlines, shipping lines and haulage companies (Scope 3).

Otto Schacht, Member of the Management Board of Kuehne+Nagel International AG, responsible for Sea Logistics, comments: 'Our new partnership with Schleich shows that Kuehne+Nagel has its finger on the pulse with its Net Zero Carbon programme. Our ability to offer Schleich a coordinated package for the CO2 neutral handling of sea freight was decisive. We are pleased to actively support Schleich in their ambitious climate goals.'

About Kuehne+Nagel

With over 83,000 employees at 1,400 locations in over 100 countries, the Kuehne + Nagel Group is one of the world's leading logistics companies. Its strong market position lies in sea logistics, air logistics, road logistics and contract logistics, with a clear focus on integrated logistics solutions.

Disclaimer

Kuehne + Nagel International AG published this content on 07 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 July 2020 04:48:04 UTC


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Financials
Sales 2020 19 778 M 21 796 M 21 796 M
Net income 2020 798 M 879 M 879 M
Net Debt 2020 100 M 111 M 111 M
P/E ratio 2020 29,8x
Yield 2020 1,95%
Capitalization 22 713 M 25 046 M 25 030 M
EV / Sales 2020 1,15x
EV / Sales 2021 1,09x
Nbr of Employees 71 780
Free-Float 41,4%
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Mean consensus HOLD
Number of Analysts 17
Average target price 163,69 CHF
Last Close Price 189,60 CHF
Spread / Highest target 5,49%
Spread / Average Target -13,7%
Spread / Lowest Target -36,7%
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NameTitle
Detlef A. Trefzger Chief Executive Officer
Jörg W. Wolle Chairman
Markus Blanka-Graff Chief Financial Officer
Martin Kolbe Chief Information Officer
Klaus-Michael Kuehne Honorary Chairman
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