Conf call redux: Guidance-free UPS – uncertainty piled on uncertainty
Certainty looms by Q3 end
Kuehne+Nagel (KN) today reported an above-market 11.2% growth in EBITDA in the first quarter of 2016, despite turnover falling 2% to just over Sfr4bn (US$4.15bn).
The company maintained its position as the world’s largest sea freight forwarder, seeing volumes increase 6%, while global volumes recorded a 1% growth ...
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