Kuehne + Nagel International Full Year 2023 Earnings: Misses Expectations
Kuehne + Nagel International (VTX:KNIN) Full Year 2023 Results
Key Financial Results
Revenue: CHF23.8b (down 40% from FY 2022).
Net income: CHF1.43b (down 46% from FY 2022).
Profit margin: 6.0% (down from 6.7% in FY 2022). The decrease in margin was driven by lower revenue.
EPS: CHF12.06 (down from CHF22.15 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Kuehne + Nagel International Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 2.0%.
Looking ahead, revenue is forecast to grow 4.0% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to remain flat.
Performance of the market in Switzerland.
The company's shares are down 11% from a week ago.
Risk Analysis
Before you take the next step you should know about the 3 warning signs for Kuehne + Nagel International (2 can't be ignored!) that we have uncovered.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
