KHNGF - Kuehne + Nagel International AG (KHNGF) Q2 2024 Earnings Call Transcript
2024-07-23 12:05:28 ET
Kuehne + Nagel International AG (KHNGF)
Q2 2024 Results Conference Call
July 23, 2024 08:00 AM ET
Company Participants
Stefan Paul - CEO
Markus Blanka-Graff - CFO
Conference Call Participants
Alex Irving - Bernstein
Muneeba Kayani - Bank of America
Cedar Ekblom - Morgan Stanley
Marco Limite - Barclays
Satish Sivakumar - Citi
Elliot Alper - TD Cowen
Sebastian Vogel - UBS
Gian-Marco Werro - ZKB
Andy Chu - DB
Lars Heindorff - Nordea
Presentation
Operator
Ladies and gentlemen, welcome to the Half Year 2024 Results Conference Call and Live Webcast. I'm Sandra, the Chorus call operator. I would like to remind you that all participants have been in listen-only mode and the conference is being recorded. The presentation will be followed by a Q&A session. [Operator Instructions].
At this time, it's my pleasure to hand over to Mr. Stefan Paul, CEO of Kuehne + Nagel. Please go ahead, sir.
Stefan Paul
Thank you very much, Sandra and good afternoon and welcome to the presentation of Kuehne + Nagel's half year 2024 financial results. I'm CEO, Stefan Paul and I'm once again joined by our CFO, Markus Blanka-Graff sitting next to me.
Let's go into the half year 2024 figures. Page Number 2. Focusing on the most recent quarter, the Kuehne + Nagel Group achieved a Q2 EBIT result of CHF402 million, which fulfilled our expectations to improve on the Q1 result of CHF376 million.
The Q EBIT result was CHF419 million, excluding non-recurring costs associated with the streamlining of our organizational structure, which we announced in early April and concluded in the quarter....
Kuehne + Nagel International AG (KHNGF) Q2 2024 Earnings Call Transcript