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Kuehne + Nagel (KHNGY)
OTHER OTC:KHNGY
Earnings Data
Report Date
Apr 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.55Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call conveyed a balanced picture: several strong operational and financial positives (notably robust Q4 free cash flow and cash conversion, market share gains in Air, record Contract Logistics performance, completed cloud migration and promising AI pilots, and implementation of a CHF 200m cost program) were offset by material full-year profit declines (underlying EBIT down 14%, EPS down 25%), earlier-year yield pressure in Sea Logistics, one-off provisions (CHF 122m) with cash outflows mainly in 2026, a rising working capital intensity and currency headwinds. Management provided constructive 2026 recurring EBIT guidance (CHF 1.2–1.4bn) but kept AI benefits conservatively out of near-term guidance. Overall, the results show operational resilience and a path to improvement but with meaningful near-term challenges and uncertainties.Company Guidance
Market Share Expansion in Air and Sea
Continued expansion of market share in Air Logistics and improved SME share in Sea Logistics; Air volume growth of 7% in Q4 (well ahead of estimated market growth of 4-5%) and ongoing market share gains in hyperscalers, health care and aerospace.
Strong Air Yield Recovery
Average air yields increased by 8% quarter-over-quarter into the Q4 peak season; unit costs ticked down 1% Q/Q while volume grew ~6-7% Q/Q, supporting Q4 Air EBIT of CHF 107m (CHF 132m excluding nonrecurring items) and a recurring Air Logistics conversion rate of 29%.
Record Contract Logistics Performance
Contract Logistics delivered a record quarterly EBIT of CHF 78m in Q4 (excluding nonrecurring items), representing 20% year-over-year EBIT growth (23% excl. currency) and a Q4 recurring conversion rate of 8%; rolling L12M ROCE stable at 25%.
Road Logistics Signs of Demand Recovery
Road Logistics achieved net turnover growth of 6% in Q4 (excluding currency effects), stronger than full-year growth, with Q4 EBIT (ex nonrecurring items) of CHF 19m, nearly double last year's result and a recurring conversion rate of 6% (double last year).
Free Cash Flow and Cash Conversion Strength
Very strong cash generation in Q4: free cash flow of CHF 396m and free cash flow conversion of 147% (vs 93% prior year); full year free cash conversion at 86%.
Cost Reduction Program Implemented
Announced measures to reduce operating costs by at least CHF 200m; company confirms implementation of all necessary measures prior to year-end 2025 and expects full run-rate savings by year-end 2026 with net impact estimated at ~CHF 100m in 2026.
Technology and AI Platform Ready
Completed migration of in-house transport management system to the cloud and established an AI stack; early AI use cases show tangible benefits (pricing quotes twice as fast, booking time reduced from minutes to seconds, customs automation, and double-digit productivity gains in dynamic workforce planning pilots). Management expects material AI impact within ~18 months.
Dividend and Financial Discipline
Supervisory Board to propose dividend distribution of CHF 6 per share, reflecting healthy profitability and strong cash conversion; management comfortable with current net debt/EBITDA leverage at ~1.5x and intends to manage refinancing to reduce interest costs over time.
Combined Sea & Air Conversion and Resilience
Combined sea and air conversion rate at 28% excluding nonrecurring items (IMC consolidation reduced conversion by about 1 percentage point); management reports yield stabilization in Sea Logistics in Q4 and expects no similar degree of yield pressure going forward as seen in Q2/Q3 2025.
KHNGY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
KHNGY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 03, 2026 | $46.64 | $46.58 | -0.12% |
Oct 23, 2025 | $39.04 | $39.23 | +0.48% |
Jul 24, 2025 | $43.65 | $42.71 | -2.16% |
Apr 24, 2025 | $43.98 | $44.96 | +2.24% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Kuehne + Nagel (KHNGY) report earnings?
Kuehne + Nagel (KHNGY) is schdueled to report earning on Apr 23, 2026, Before Open (Confirmed).
What is Kuehne + Nagel (KHNGY) earnings time?
Kuehne + Nagel (KHNGY) earnings time is at Apr 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KHNGY EPS forecast?
Currently, no data Available