Report
Michael Field
EUR 101.80 For Business Accounts Only

Kuehne + Nagel's strong suit lies in sea freight.

Third-party logistics giant Kuehne + Nagel delivered a mixed set of full-year numbers. While revenue came in slightly ahead of our expectations, earnings fell short of our and the Street’s forecasts. Although somewhat disappointing in the short term, we do not believe this is symptomatic of any longer-term trends, and as such we do not  expect to make any material changes to our forecasts on the back of these results, nor to our fair value estimate. We retain our narrow moat rating for the compa...
Underlying
Kuehne & Nagel International AG

Kuehne & Nagel International is a holding company, engaged in providing logistics solutions. Co.'s business units comprised of: Seafreight, Airfreight, Overland, and Contract logistics. Co. operates on a worldwide basis in the following geographical areas: Europe, Americas, Asia-Pacific and Middle East, Central Asia and Africa. Within its Seafreight, Airfreight and Overland business units, Co. is engaged in purchasing transportation services from direct (asset-based) carriers and selling a combination of those services to its customers. Co. also develops solutions for the construction, renovation and operation of hotel chains and casinos all over the world.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Michael Field

Other Reports on these Companies
Other Reports from Morningstar

ResearchPool Subscriptions

Get the most out of your insights

Get in touch