Conf call redux: does Kuehne + Nagel know its toys from its teus?
Yo bro, where’s the growth?
© Khunaspix Dreamstime.
A quick and dirty take on AP Møller Mærsk (APMM)’s fourth-quarter and annual results, released this morning, which confirmed the Danish group is getting leaner but is still in full restructuring mode – notably, its financials are almost unrecognisable compared to only three/six months ago.
Reaction
Investors were unimpressed by the numbers, with analysts – consensus estimates imply very little upside, while my fair value estimates imply more pain than joy going forward – debating the revised guidance and the overall clarity surrounding ...
Comment on this article