Kuehne + Nagel International AG (KNIN) Earnings Call Transcripts

Kuehne + Nagel International AG's Latest Earnings Call - Q1 FY2026

In Q1 2026, Kuehne + Nagel International AG reported a recurring EBIT of CHF 308 million, exceeding prior guidance and reflecting effective cost management amidst challenging market conditions. Revenue and EPS saw declines of 17% and 18% YoY, respectively, primarily due to volume impacts from geopolitical tensions in the Middle East. Management raised the lower end of its full-year EBIT guidance to CHF 1.25 billion, signaling confidence in continued operational improvements and cost savings.

Reported metrics

Guidance from management

Management raised the lower end of their full-year recurring EBIT guidance to CHF 1.25 billion, reflecting confidence from Q1 results. They expect Q2 EBIT to exceed Q1 results due to higher service intensity during supply chain disruptions.

What management said

Muneeba, let me just take the second question first on the guidance. I think I even mentioned it, I think, in my presentation, we expect the second quarter to be seasonally as well stronger than the first quarter. So there is no concern that the second is going to be lower than the first. Why we increased and raised the lower end of the -- the lower end of the guidance is basically because we exceeded on the first qu...

It will pass through, yes. As I mentioned before, I think that was the question. It will be passed through. And at the beginning of your question, you mentioned how our customers are reacting, right? I think we have very open, transparent discussions and 99% of the customers fully accept and expect it, right, and accept the discussion, and we do not see a significant topic in regards to the fuel price and the adders....

What analysts pressed on

Analysts expressed concerns regarding the potential impact of geopolitical tensions on earnings and questioned the sustainability of cost-cutting measures. There were also inquiries about the implications of air and sea freight volume trends on future guidance.

Main topics on the call

• Cost Management Success — Kuehne + Nagel's recurring EBIT of CHF 308 million in Q1 2026 exceeded guidance, attributed to 'visible cost reduction' efforts that are 'running ahead of plan'. Management expects to achieve at least CHF 200 million in ...
• Volume Declines Due to Geopolitical Tensions — The company experienced a 17% decline in group EBIT YoY, largely due to a 70-80% drop in bookings in and out of the GCC region amid the Middle East conflict. Management noted that 'there was no impact to be seen on GP or...
• Guidance Adjustment — Management raised the lower end of their full-year recurring EBIT guidance to CHF 1.25 billion from CHF 1.2 billion, citing better-than-expected Q1 results. The upper end remains unchanged at CHF 1.4 billion.
• Stable Yields in Sea and Air Logistics — Average yields in Sea Logistics remained stable, while Air Logistics saw a 2% quarter-on-quarter increase. Management indicated that 'yield will be stable in sea freight moving into the second quarter'.

Read the full Kuehne + Nagel International AG transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 28 Kuehne + Nagel International AG earnings call transcripts on record, spanning February 27, 2020 to July 23, 2026. Based on this history, Kuehne + Nagel International AG reports quarterly. The most recent call on file is dated July 23, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

KNIN

Exchange

SWX

Country

CH

Sector

Industrials

Industry

Marine Transportation

Calls on record

28

First call

February 27, 2020

Most recent

July 23, 2026

Reporting cadence

quarterly