Forwarders face profitability test as freight markets look set to stabilise
As global freight markets begin to show signs of stabilisation after months of disruption, the industry’s largest forwarders have shown ...
Now, look at the key highlights of Kuehne + Nagel’s annual results released today.
All good, right?
Well, no – and not only because the shares plummeted 6%, closer to their 52-week lows.
Balance sheet
Look below at the left side of its balance sheet.
Goodwill and other intangibles are up 46.5%, while gross cash is down 30% – which typically means lower quality earnings, and heightened dividend risk, under normal circumstances.
But this is K+N ’The Great’, and it has something really innovative, financially, up ...
Comment on this article