Comment / Conf call redux: Kuehne + Nagel – Now 'optimally variabilised', M&A strategy unchanged

"Optimally what?"; Credit: Photo by Joshua Hoehne

Swiss forwarder Kuehne+Nagel has trumpeted its Q2/half-year results as not being as bad as expected.

In the circumstances, that’s probably about as good as can be expected – and then here is what you might have to expect next.

During the obligatory conference call with analysts, CEO Detlef Trefzger explained, without ever really explaining, how cost savings have kept the wolves from the door, all the while barely allowing his CFO to get a word in.

It went on a bit, so as ...