Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

KUEHNE + NAGEL INTERNATIONAL AG

(KNIN)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Kuehne + Nagel International : + Nagel sells major part of its UK contract logistics portfolio

03/09/2020 | 02:33am EDT
09
March
2020
|
06:45
Europe/Berlin
Kuehne + Nagel Group
Kuehne + Nagel sells major part of its UK contract logistics portfolio
  • Divestment of drinks logistics, food services and retail & technology businesses to XPO Logistics
  • Unchanged high commitment to the Group's scalable leverage areas in the UK
Summary

Schindellegi / CH, March 9, 2020 - Kuehne + Nagel enters into a definitive agreement to sell a major part of its UK contract logistics portfolio to XPO Logistics. The scope of the transaction includes the drinks logistics, food services and retail & technology businesses. These operations generated a turnover of approximately CHF 750 million in 2019 and are supported by 7'500 employees.

Dr. Detlef Trefzger, CEO of Kuehne + Nagel International AG, comments: 'One year ago, we first announced the strategic review of our contract logistics business to improve profitability and focus on our core, scalable solutions. We have now reached a major milestone in this effort, having secured an agreement to sell significant non-core assets in the UK. With XPO Logistics, we are pleased to have found a good new home for our customers and employees.'

Kuehne + Nagel remains highly committed to excellent customer solutions and service in the UK across all business units, including contract logistics. In particular, the company retains the industry verticals aerospace, government and pharma. These are amongst the Group's scalable leverage areas.

Both parties have agreed not to disclose financial details. The transaction is subject to customary closing conditions including merger clearance by the competent competition authorities. The transaction is expected to close in the second half of the year.

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 09 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 March 2020 07:32:08 UTC


ę Publicnow 2020
All news about KUEHNE + NAGEL INTERNATIONAL AG
06:08aKUEHNE + NAGEL INTERNATIONALá : Kühne + Nagel Main Shareholder Says COVID-19 Cau..
MT
06/16GLOBAL MARKETS LIVE : Oracle, General Motors, Credit Suisse, Sony, Made.com...
06/16KUEHNE + NAGEL INTERNATIONALá : Leonardo extends logistic agreement with Kuehne+..
PU
06/11KUEHNE + NAGEL INTERNATIONALá : Test Ad hoc-Mitteilung
PU
06/10KUEHNE + NAGEL INTERNATIONALá : Stifel Lifts Price Target on Kuehne & Nagel, Mai..
MT
06/10KUEHNE + NAGEL INTERNATIONALá : QSHE and Sustainability Targets 2021 (PDF)
PU
06/04KUEHNE + NAGEL INTERNATIONALá : HSBC Lifts Price Target on Kuehne & Nagel, Maint..
MT
06/02KUEHNE + NAGEL INTERNATIONALá : +Nagel delivers more than 600,000 Covid-19 vacci..
PU
05/26KUEHNE + NAGEL INTERNATIONALá : Bank Vontobel Lifts Price Target on Kuehne & Nag..
MT
05/24SEA CHANGE : global freight sails out of the digital dark ages
RE
More news
Financials
Sales 2021 23 596 M 25 554 M 25 554 M
Net income 2021 1 229 M 1 331 M 1 331 M
Net cash 2021 248 M 269 M 269 M
P/E ratio 2021 30,3x
Yield 2021 1,78%
Capitalization 37 377 M 40 522 M 40 479 M
EV / Sales 2021 1,57x
EV / Sales 2022 1,51x
Nbr of Employees 67 684
Free-Float 41,7%
Chart KUEHNE + NAGEL INTERNATIONAL AG
Duration : Period :
Kuehne + Nagel International AG Technical Analysis Chart | MarketScreener
Full-screen chart
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 310,60 CHF
Spread / Highest target -9,85%
Spread / Average Target -24,5%
Spread / Lowest Target -52,7%
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
Sector and Competitors
1st jan.Capitalization (M$)
KUEHNE + NAGEL INTERNATIONAL AG55.78%41 057
DSV PANALPINA A/S40.69%50 852
INPOST S.A.0.00%9 473
NIPPON EXPRESS CO., LTD.23.38%7 082
HYUNDAI GLOVIS CO., LTD.10.05%6 768
YUNDA HOLDING CO., LTD.-16.43%5 921