Q1 2024 Kuehne und Nagel International AG Earnings Call Transcript

Apr 24, 2024

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Apr 23, 2024 / 12:00PM GMT
Operator

Ladies and gentlemen, welcome to the Q1 2024 Results Conference Call and Live Webcast. I am Sandra, the Chorus Call operator. (Operator Instructions) 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 Mr. Stefan Paul, CEO of Kuehne + Nagel. Please go ahead.

Stefan Paul - Kuehne+Nagel International AG-CEO&Member of Management Board

Thank you very much, Sandra. Good afternoon, and welcome to the presentation of Kuehne + Nagel's first quarter 2024 financial results. I am CEO, Stefan Paul, and I'm joined as always on the call today by our CFO, Markus Blanka-Graff.

Let's go into the first quarter earnings. The Kuehne + Nagel Group achieved a Q1 EBIT result in line with our expectations. This result was stable relative to the reported Q4 result of CHF 375 million, which excluded a redundancy charge of CHF 53 million.

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