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Research Tree provides access to ongoing research coverage, media content and regulatory news on KUEHNE & NAGEL INTL AG-REG. We currently have 7 research reports from 1 professional analysts.
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KUEHNE & NAGEL INTL AG-REG
KUEHNE & NAGEL INTL AG-REG
Volume grows but yield declines
18 Oct 16
The company reported Q3 16 results. Net revenues declined 2.4% to CHF4.1bn. The gross profit was up 3.3% to CHF1.64bn and the gross margin increased from 37.9% to 40.1%. EBIT declined 3% to CHF223m and the EBIT margin reached 5.4% compared to 5.5% in Q3 15. The two divisions, Airfreight and Seafreight, contributed 86.1% to total net revenues and 82.6% to total EBIT (85.7% in Q3 15). In the first nine months 2016, revenues declined 1.4% to CHF12.2bn (the market estimated €12.4bn) and gross profit improved 6.3% to CHF4.9bn (the market estimated CHF4.04bn). EBIT increased 5.9% to CHF678m (estimate CHF701m). The EBIT margin improved from 5.2% to 5.5%. Net income reached CHF531m (estimate CHF546m).
19 Jul 16
The company reported first half year results ending in June. Net revenues declined marginally by 0.9% to CHF8.15bn (market estimates: CHF8.14bn; our estimates CHF8.17bn). EBIT, however, increased 11% to CHF455m (market estimates: CHF450m; our estimates CHF446m). The EBIT margin increased from 5% to 5.6%. The operating performance was mainly driven by lower costs of goods sold which declined by 6.1%. The gross margin improved from 36.7% to 40%. Sea- and airfreight contributed 78.1% to total net revenues and 80.9% to total EBIT.
23 May 16
Kuehne Holding AG has acquired a stake of around 20% in the German company VTG AG. According to our estimates, the company paid €26 per share, or around €149.6m for the stake. Based on the dividend of €0.50, Kuehne Holding will generate a dividend yield of 1.9% (AGM on 31 May). Kuehne Holding AG is privately owned by Michael Kuehne. Kuehne Holding AG owns a portfolio of different companies such as Kuehne + Nagel AG (majority shareholder), around 20% in Hapag Lloyd AG as well as assets in the real estate and luxury hotel business and now a stake of 20% in VTG AG.
Efficient cost management
21 Apr 16
In Q1 16, revenues declined 2.1% to CHF4.01bn. EBITDA however improved 11.2% to €259m and the EBITDA margin increased from 5.7% to 6.5%. EBIT also increased 14.2% to CHF217m. The EBIT margin increased from 4.6% to 5.4%. The two business divisions, Airfreight and Seafreight, contributed 79.1% to total revenues and 82.9% to total EBIT compared to 85.3% in Q1 15.
Negative currency impacts overshadow solid performance
02 Mar 16
The company reported final 2015 results ending in December. Net revenues declined 4.4% to CHF16.73bn, mainly due to the strong Swiss franc. Negative currency effects impacted net turnover by 8ppts. At constant currency, revenues increased 3.6% to CHF18.1bn. Revenues in the Americas increased by 9.7% to CHF5.2bn, whereas revenues in the EMEA region declined 8.9% to CHF14.02bn. Revenues in Asia Pacific remained stable. EBIT increased 3.8% to CHF850m and at constant currency +10.9% to CHF908m. The EBIT margin improved from 4.7% to 5.1% (estimate 5.2%). The operating performance was in line with expectations or even above expectations due to the strong Swiss franc. Net income increase 6.8% to CHF676m. Due to the strong operating performance, management decided to increase the normal dividend from CHF4 to CHF5 per share. In the financial year 2014, shareholders profited from the additional anniversary dividend of around CHF3 per share. The total payout ratio is around 88.3% compared to 130.3% in 2014 and 115.7% in 2013.
20 Feb 17
Hayward Tyler Group* (HAYT): Trading update and financial position (CORP) | Petra Diamonds (PDL): Interim results (BUY) | Gemfields* (GEM): Interim results (CORP) | Premaitha Health* (NIPT): Middle East momentum (CORP) | Sound Energy (SOU): Acquisition update and TE-8 well spud (HOLD) | Proactis* (PHD): Interim trading on track (CORP) | 7digital* (7DIG): Automotive contract win (CORP)
The Slide Rule
12 Jan 17
What is The Slide Rule? The Slide Rule has been designed to dramatically simplify the identification of the best companies in the UK small/mid-cap sector by making a quantitative assessment of the relative potential of each company. At its core, The Slide Rule aims to identify those companies that create genuine shareholder value through strong returns on capital and solid growth, but also present a value opportunity with the potential tailwind of earnings momentum. Companies are assessed within a Quality, Value, Growth and Momentum (QVGM) framework.
21 Feb 17
Lighthouse Group* (LGT): Middle Britain growth (CORP) | Utilitywise* (UTW): Double-digit sales growth (CORP) | Trakm8* (TRAK): Earnings expectations cut again (CORP) | dotDigital* (DOTC): Myriad growth opportunities (CORP) | Artilium* (ARTA): Five-year Telenet deal secured and prepaid (CORP) | Netcall* (NET): Cloud investment pays off (CORP)
N+1 Singer - Small-cap quantitative research - New quality style screen + 11 quality focus stocks
09 Feb 17
We introduce our fourth and final style screen representing “quality”. This screens for stocks with the best combination of high returns on capital/equity, EBIT margins and operating cash-flow conversion rates. These criteria should help us monitor how strong underlying returns translate into share price performance over time and under varying market conditions. The screen selects the “best” 25 stocks from our universe of just over 500 stocks and, as usual, we focus on a shorter list of stocks we cover or otherwise know and believe to be particularly interesting. We provide brief investment summaries on these focus stocks on pages 4 – 9. We will monitor performance and refresh the screen in approximately 3-4 months time.
N+1 Singer - Morning Song 22-02-2017
22 Feb 17
CORETX (COR LN) Contract wins and new Lifestyle facility | Gooch & Housego (GHH LN) Solid Q1 trading plus earnings enhancing acquisition of StingRay Optics | NCC Group (NCC LN) Further issues in Assurance | PCI-PAL (PCIP LN) Strong H1 underpins positive outlook | UBM (UBM LN) Results | Verona Pharma (VRP LN) Phase IIa RPL554 add-on trial to tiotropium commenced
Small Cap Breakfast
16 Feb 17
Saffron Energy—Schedule One update. Raising £2.5m, expected Mkt Cap £7.7m. Admission due 24 Feb. Italian Oil & Gas Play Guinness Oil & Gas Exploration—Publication of prospectus. Seeking to raise £50m and invest in 15 exploration companies at launch, with plans to grow the portfolio to 30 positions during its lifetime. Issue closing 23 Feb. Arix Bioscience — Intention to float on the main market from the global healthcare and life science Company supporting medical innovation. Raised £52m in Feb 16 with investors including Woodford Investment Management