Lufthansa and AF-KLM blame weak Q1 cargo business for poor results
Both Lufthansa Group and AF-KLM Group specifically blamed cargo for glum overall Q1 performances, with ...
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 ...
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