Kuehne+Nagel seen up, analysts point to Q1 operating profit beat, cost savings

Kuehne + Nagel International AG

24/04/2026 07:48

** Kuehne+Nagel KNIN.S shares are seen up nearly 3% in Julius Baer early trade after the Swiss freight forwarder beat Q1 operating profit consensus, lifted FY outlook

     ** The group reported Q1 recurring earnings before interest and taxes of 308 million Swiss francs ($391.46 million), 7% ahead of a company-provided consensus

** J.P.Morgan says cost saving measures "slightly ahead" of schedule, on track to deliver 100 million francs gross savings by year-end

** "Helpfully, evidence from the Q1 suggests the cost restructuring is consistent with good GP performance," Bernstein adds

** The freight forwarder now expects recurring EBIT in a range of 1.25 billion to 1.40 billion Swiss francs for 2026, up from the previously guided 1.2 billion to 1.4 billion francs

** K+N added its sea logistics business - the group's largest division - saw a negative impact of -1.5% from disruptions due to the Middle East war

** "While the impact on consumer demand from the Middle East conflict and energy price hikes in future quarters is uncertain, the company has a solid track record in navigating efficiently through periods disruption," Vontobel says

($1 = 0.7868 Swiss francs)

 (Reporting by Danny Callaghan and Anastasiia Kozlova)

 ((danny.callaghan@thomsonreuters.com))