Kuehne + Nagel – 'worse' than DSV ...and also Nestlé?
Depressed and depressing but still yielding
“Exactly one year ago, when we were still at the beginning of the pandemic, we decided to commit to our proven strategy. Upon reflection, we are assured that we chose the correct path” – Kuehne + Nagel (K+N) CEO Detlef Trefzger, 26 April 2021, Q1 ’21 trading update.
The path – to borrow just a word from Trefzger – that keeps cost down boosting profits to record highs. And, almost a month into the second quarter (Q2 ’21) it doesn’t look ...
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