Narrow-Moat Kuehne + Nagel Feels the Pinch in 1H
Narrow-moat Kuehne + Nagel delivered a reasonable set of first-half results in the face of increasing economic pressures. While net revenues were up by more than 5%, EBIT increased by just 2% because weak volumes in some segments led to a negative operating leverage effect. Although we may make some downward adjustments to our full-year 2019 expectations on the back of these results, we do not anticipate any material changes to our longer-term forecasts, nor to our CHF 144 fair value estimate. W...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.
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.
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