Full Year 2024 Kuehne und Nagel International AG Earnings Call Transcript
Key Points
- Kuehne + Nagel International AG (KHNGF) achieved a solid financial result in 2024, with volumes improving in the second half of the year.
- The company returned to year-on-year EBIT growth in the second half of 2024, supported by effective cost management.
- Sea Logistics produced an EBIT improvement of 23% year over year in Q4, excluding one-off costs.
- Air Logistics achieved a 6% EBIT growth in Q4, with total volumes growing by 6% in 2024.
- Contract Logistics delivered a record high EBIT result of CHF65 million in Q4, marking an 18% year-over-year gain.
- Overall volumes in Sea Logistics were down 1% for the year, despite a 1% increase excluding deselected volumes.
- Average yields across the year were down by 10%, with a 6% sequential decline in Q4.
- Road Logistics faced persistent headwinds, with Q4 EBIT nearly half of the prior year's result, excluding one-off costs.
- Organic gross profit in Road Logistics declined by 5% in Q4 due to negative yield developments and capacity cost pressure.
- The overall results for 2024 remained roughly 10% below the previous year, excluding a currency headwind in excess of 2%.
Ladies and gentlemen, welcome to the full-year 2024 results conference call and live webcast. I'm Sandra, the Chorus call operator. (Operator Instructions) The conference must not be recorded for publication or broadcast.
At this time, it's my pleasure to hand over to Stefan Paul, CEO of Kuehne + Nagel. Please go ahead, sir.
Thank you very much, Sandra, and good afternoon, and welcome to the presentation of Kuehne + Nagel's 2024 financial results. I'm Group CEO, Stefan Paul. And once again, I'm joined today by our Group CFO, Markus Blanka-Graff.
Let's go into Page number 2, full year results. We delivered a solid financial result in 2024 as volumes improved in the second half of the year. Thanks to this uptrend and our ongoing effective cost management, we returned to a year-on-year EBIT growth in the second half. We also returned to a more typical high-end free cash conversion by the end of the year. In 2024, we fulfilled several strategic ambitions that have prepared
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
