Full Year 2019 Kuehne und Nagel International AG Earnings Call Transcript

Feb 14, 2024

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Feb 27, 2020 / 01:00PM GMT
Operator

Ladies and gentlemen, welcome to the Q4 2019 results conference call. I'm Mara, the Chorus Call operator. (Operator Instructions) And the conference is being recorded. (Operator Instructions) The conference must not be recorded for publication or broadcast.

At this time, it's my pleasure to hand over to Dr. Detlef Trefzger, CEO of Kuehne + Nagel. Please go ahead, sir.

Detlef A. Trefzger - Kuehne+Nagel International AG-Chairman of Management Board&CEO

Thanks, Mara. Good morning, good day, good afternoon and good evening to all of you, and welcome to the analyst conference on the full year 2019 results of Kuehne + Nagel International AG. Our CFO, Markus Blanka-Graff, and I welcome you from today, snowy Switzerland.

We published our results and the associated slide deck earlier today. And as always, let's get started on Slide 3. Despite a very tough and challenging market environment, we once again improved results last year. We closed the year 2019 with group earnings of CHF 800 million, the

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