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Kuehne + Nagel International AG (CH:KNIN)
:KNIN
Earnings Data
Report Date
Apr 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.65Last Year’s EPS
2.45Same Quarter Last Year
Based on 10 Analysts Ratings
Earnings Call Summary
Q4 2025
Earnings Call Date:Mar 03, 2026|
% Change Since:
|
Earnings Call Sentiment|Neutral
The call portrayed a balanced picture: strong executional positives (market share gains in air, record contract logistics results, robust Q4 free cash flow, cloud migration and early AI wins, and an implemented CHF 200m cost program) contrasted with material full-year profitability declines, sea yield pressures, one-off provisions, working capital and currency headwinds, and geopolitical uncertainty. Management provided constructive 2026 guidance (recurring EBIT CHF 1.2–1.4bn), reiterated cost savings and emphasized AI-driven productivity potential (primarily from 2027), but also acknowledged the near-term uncertainties and unquantified AI upside.Company Guidance
Market Share and Segment Leadership
Reinforced #1 position in sea and airfreight globally; continued market share expansion in Air Logistics and SME share gains in Sea Logistics, with market share gains centered in hyperscalers, health care and aerospace.
Air Logistics Strong Growth and Improved Yields
Air Logistics volume grew 7% in Q4 (in line with full-year pace), well ahead of estimated market growth of 4–5%; average air yields increased 8% quarter-on-quarter into the Q4 peak season; recurring Q4 Air EBIT CHF 107m (CHF 132m excluding nonrecurring items) and a recurring conversion rate of 29%.
Contract Logistics Record Performance
Contract Logistics delivered a record Q4 EBIT of CHF 78m (excl. nonrecurring), representing 20% year-over-year EBIT growth (23% excl. currency effects); Q4 net turnover grew 5% year-over-year on a constant currency basis and recurring conversion rate reached a record 8%; rolling 12-month ROCE stable at 25%.
Road Logistics Recovery and Margin Improvement
Road Logistics showed signs of demand recovery in Europe with net turnover growth of 6% in Q4 (excl. currency); Q4 EBIT (excl. nonrecurring) CHF 19m, nearly doubling last year's result and reversing a prior decline; recurring conversion rate rose to 6% in Q4 (double last year).
Sea Logistics Stabilization
Sea Logistics volumes were flat for 2025 (Q4 down 2% YoY vs strong comp); average yields stabilized in Q4, ticking up 1% quarter-on-quarter; Q4 Sea EBIT CHF 59m (CHF 106m excl. nonrecurring items) and underlying Q4 conversion at 23% (25% organic).
Very Strong Free Cash Flow and Conversion
Q4 free cash flow CHF 396m with a Q4 cash conversion rate of 147% (strongest since 2022) versus 93% in prior-year Q4; full-year free cash conversion was 86%; Q4 net working capital generated a net positive inflow of CHF 13m.
Cost Reduction Program Implemented
Announced and implemented measures to reduce operating costs by at least CHF 200m, with implementation completed prior to year-end 2025; program now weighted more toward structural FTE reductions and expected to reach full run rate by year-end 2026 (estimated net CHF 100m impact in 2026).
Digital and AI Platform Progress
Completed migration of proprietary transport management system to the cloud, creating a foundation for AI at scale; proprietary data cleansing and institutionalization of tribal knowledge (10,000 employees access AI knowledge monthly); early AI deployments: pricing quotes twice as fast in Air, booking time reduced from minutes to seconds in Sea, customs automation reducing handling time, and pilot double-digit productivity gains in dynamic workforce planning; expect material AI productivity gains within ~18 months and material traction into 2027.
Capital Allocation and Balance Sheet Actions
Net debt/EBITDA at ~1.5x (management comfortable with level); Supervisory Board proposing dividend distribution of CHF 6 per share; guidance provided for recurring group EBIT of CHF 1.2–1.4 billion for 2026.
Kuehne + Nagel International AG (CH:KNIN) Earnings, Revenues Date & History
CH:KNIN 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
CH:KNIN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 03, 2026 | CHF182.00 | CHF182.80 | +0.44% |
Oct 23, 2025 | CHF155.30 | CHF156.00 | +0.45% |
Jul 24, 2025 | CHF173.25 | CHF169.75 | -2.02% |
Apr 24, 2025 | CHF179.08 | CHF182.81 | +2.08% |
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 International AG (CH:KNIN) report earnings?
Kuehne + Nagel International AG (CH:KNIN) is schdueled to report earning on Apr 23, 2026, Before Open (Confirmed).
What is Kuehne + Nagel International AG (CH:KNIN) earnings time?
Kuehne + Nagel International AG (CH:KNIN) 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 the P/E ratio of Kuehne + Nagel International AG stock?
The P/E ratio of Kuehne + Nagel International AG is N/A.
What is CH:KNIN EPS forecast?
CH:KNIN EPS forecast for the fiscal quarter 2026 (Q1) is 1.65.