K+N’s Q1 performance was certainly above expectations on all fronts. EBIT, in particular, was much higher than expected. Free cash flow, however, declined over the previous year. These results were achieved on the back of a strong demand from Sea and Air Logistics, where volumes increased yoy. Overland continued to operate normally and Contract Logistics registered improved margins post its restructuring. It looks like, 2021 is on course to be an outlier possibly delivering strong results going ....
26 Apr 2021
Astounding start to the year
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Astounding start to the year
- Published:
26 Apr 2021 -
Author:
Kulwinder Rajpal -
Pages:
3
K+N’s Q1 performance was certainly above expectations on all fronts. EBIT, in particular, was much higher than expected. Free cash flow, however, declined over the previous year. These results were achieved on the back of a strong demand from Sea and Air Logistics, where volumes increased yoy. Overland continued to operate normally and Contract Logistics registered improved margins post its restructuring. It looks like, 2021 is on course to be an outlier possibly delivering strong results going ....