Kuehne + Nagel (KHNGY)
OTHER OTC:KHNGY
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Earnings Data
Report Date
Jul 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
0.5Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mixed picture: clear operational and financial positives including an EBIT beat, cost‑reduction progress ahead of plan, a raised lower bound to full‑year guidance, and strong unit performances in Road and Contract Logistics. These were offset by meaningful year‑over‑year declines in group EBIT and recurring EPS, a material FX headwind (~7%), working capital above target (6% intensity), weaker underlying free cash flow excluding one‑offs, and ongoing volatility from the Middle East conflict (capacity/bookings disruption and fuel risks). Management emphasized mitigation actions (charters, cost program, fuel pass‑throughs) and confidence in meeting savings targets, but macro and geopolitical uncertainties remain. Overall, positives and negatives are roughly balanced.Company Guidance
Recurring EBIT Beat and Guidance Adjustment
Recurring EBIT of CHF 308 million in Q1 2026 exceeded the guidance given at Q4 and management expectations; company modestly raised the lower end of full-year recurring EBIT guidance to CHF 1.25–1.40 billion (from CHF 1.20–1.40 billion).
Cost Reduction Program Ahead of Plan
Company reports visible cost reductions running ahead of plan; still targeting at least CHF 200 million of annualized gross savings by year-end 2026, with an estimated impact of at least CHF 100 million in 2026 and progress in Q1 representing just past ~50% of the implied CHF 50 million quarterly run-rate (roughly in the CHF ~30 million ballpark on a quarterly basis).
Sea Logistics: Sequential Profitability Recovery
Sea Logistics Q1 volumes declined 2% year-over-year, but Q1 EBIT improved sequentially by 7% to CHF 113 million and EBIT per TEU rose ~13% quarter-on-quarter; Sea conversion rate improved to 25% (from 23% in Q4).
Air Logistics: Stable Volumes and Improving Yields
Air Logistics volumes were flat year-over-year; average yields increased ~2% quarter-on-quarter; Q1 EBIT rose ~7% to CHF 111 million year-over-year excluding FX headwinds; conversion rate at 27% (vs 26% prior-year Q1).
Road Logistics Strong Growth
Road Logistics net turnover grew 9% year-over-year (5% organically excluding FX); EBIT rose sharply to CHF 25 million, a 42% improvement year-over-year (35% organic), reflecting demand recovery in Europe and the U.S.
Contract Logistics: Continued Share Gains and Profitability
Contract Logistics recurring EBIT of CHF 59 million (+4% YoY; +11% YoY excluding FX) with net turnover +5% YoY excluding currency effects; trailing 12-month ROCE stable at 25% (ex-exceptionals) and >30 new contracts in implementation.
Free Cash Flow and Conversion within Seasonal Expectations
Reported free cash flow of CHF 194 million in Q1 including CHF 105 million from a real estate sale; excluding proceeds, FCF was CHF 89 million. Underlying free cash flow conversion was 40% in Q1, considered in line with seasonality for the weakest quarter.
Operational Positioning and Capacity Mitigations
Management highlighted proactive measures to mitigate capacity/fuel risks (charter capacity, block-space agreements, re-routing, transparency on fuel adders) and ongoing AI adoption expected to deliver productivity gains from 2027 onwards.
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 |
|---|---|---|---|
Apr 24, 2026 | $48.57 | $46.33 | -4.61% |
Mar 03, 2026 | $45.67 | $45.61 | -0.12% |
Oct 23, 2025 | $38.22 | $38.41 | +0.48% |
Jul 24, 2025 | $42.74 | $41.82 | -2.15% |
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 Jul 23, 2026, Before Open (Confirmed).
What is Kuehne + Nagel (KHNGY) earnings time?
Kuehne + Nagel (KHNGY) earnings time is at Jul 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What is KHNGY EPS forecast?
Currently, no data Available