KHNGF - Kuehne + Nagel: Well-Managed But Too Expensive For Me
2024-03-08 04:00:00 ET
Summary
- Kuehne + Nagel's revenue, EBITDA, and EBIT decreased in 2023, impacting its financial results.
- The company declared a dividend for 2023, with a portion being paid as a tax-free capital reduction.
- The weak performance in 2023 was mainly due to a weak fourth quarter, particularly in the sea logistics segment.
Introduction
Kuehne + Nagel ( OTCPK:KHNGF ) ( OTCPK:KHNGY ) is one of the world's largest logistics providers and freight forwarders. The company is active in approximately 100 countries and employs 81,000 employees, offering its customers global reach. As 2022 was a very strong year for transportation companies, 2023 was weaker on a comparable basis, but it looks like the margins and results just reverted to long-term averages....
Kuehne + Nagel: Well-Managed But Too Expensive For Me