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KUEHNE + NAGEL INTERNATIONAL AG

(KNIN)
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Kuehne + Nagel International : +Nagel beats expectations, restores dividend plans

07/21/2020 | 02:03am EDT
FILE PHOTO: Logo of Swiss logistics group Kuehne + Nagel is seen at its headquarters in Schindellegi

Swiss freight forwarder Kuehne+Nagel International reported a smaller-than-expected fall in second-quarter profit on Tuesday buoyed by increased air freight operations and said it would restore its dividend plans.

"We took the right measures early on and successfully managed Kuehne+Nagel under these difficult conditions," CEO Detlef Trefzger said regarding cost savings which also helped.

Earnings before interest and tax (EBIT) fell 12.6% to 235 million Swiss francs (197.71 million pounds). It increased its air freight operations by 17%.

Kuehne+Nagel shares were up 2% in early trade.

"The gain of market share combined with the flexibility of the organisation and a strict cost management delivered more than a solid result," analyst Christian Obst at Baader Helvea said in a note.

Zuercher Kantonalbank analysts said the result exceeded even the highest expectations.

The company will propose a dividend of 4.00 francs per share at an extraordinary general meeting on September 2, it said, after freezing its dividend plans in April.

(Reporting by Bartosz Dabrowski in Gdansk; editing by Muralikumar Anantharaman and Jason Neely)


ę Reuters 2020
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Financials
Sales 2021 23 596 M 25 970 M 25 970 M
Net income 2021 1 229 M 1 352 M 1 352 M
Net cash 2021 248 M 273 M 273 M
P/E ratio 2021 31,2x
Yield 2021 1,73%
Capitalization 38 448 M 42 761 M 42 316 M
EV / Sales 2021 1,62x
EV / Sales 2022 1,56x
Nbr of Employees 67 684
Free-Float 41,7%
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Technical analysis trends KUEHNE + NAGEL INTERNATIONAL AG
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 19
Average target price 234,61 CHF
Last Close Price 319,50 CHF
Spread / Highest target -12,4%
Spread / Average Target -26,6%
Spread / Lowest Target -54,0%
EPS Revisions
Managers and Directors
NameTitle
Detlef A. Trefzger Chief Executive Officer
Markus Blanka-Graff Chief Financial Officer
J÷rg W. Wolle Chairman
Martin Kolbe Chief Information Officer
Karl Gernandt Vice Chairman
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