K+N drops in Julius Baer trade on Q3 EBIT miss, guidance cut

Julius Baer Gruppe AG

23/10/2025 07:31

** Shares in Kuehne und Nagel KNIN.S drop 3.5% in Julius Baer trade after Swiss freight forwarder posted Q3 EBIT miss, guidance cut, announced cost programme

** "Kuehne+Nagel's Q3 EBIT missed consensus by 3.4%. The big drag was in Sea Logistics with 9% miss," Bernstein says

** EBIT guidance for the year was cut to around 1.3 billion Swiss francs from previously lowered range of 1.45-1.65 billion francs, missing consensus of 1.41 billion francs

** "We expect the shares to be down this morning, despite feedback from investors recently that a weak performance was expected, as we see consensus needing to rebase further into 2026 and the backdrop still points to risks ahead," J.P. Morgan says

(Reporting by Anastasiia Kozlova and Simon Ferdinand Eibach)

((Anastasiia.Kozlova@thomsonreuters.com))