Kuehne + Nagel International First Quarter 2024 Earnings: Revenues Disappoint

Kuehne + Nagel International (VTX:KNIN) First Quarter 2024 Results

Key Financial Results

• Revenue: CHF5.51b (down 18% from 1Q 2023).
• Net income: CHF273.0m (down 40% from 1Q 2023).
• Profit margin: 5.0% (down from 6.8% in 1Q 2023). The decrease in margin was driven by lower revenue.
• EPS: CHF2.31 (down from CHF3.83 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Kuehne + Nagel International Earnings Insights

Looking ahead, revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Shipping industry in Europe.

Performance of the market in Switzerland.

The company's shares are down 3.0% from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for Kuehne + Nagel International (2 are a bit concerning!) that you need to take into consideration.

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