Narrow-Moat Kuehne + Nagel Lands a Solid First Half
Narrow-moat Kuehne + Nagel delivered a solid first-half update, with net revenue up more than 14% year over year and EBIT up more than 10%, with the EBIT margin flat at 5% on full-year 2017. As these numbers were broadly in line with our full-year expectations, we do not expect to make any material changes to our forecasts or to our CHF 144 fair value estimate. We believe the shares are currently fairly valued.Divisionally, strong volume growth was witnessed across the board, with airfreight an...
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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