Kuehne + Nagel International AG

KNIN: XSWX (CHE)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CHF 371.00	Zbcmwm	Ykgzgtvcy

Kuehne+Nagel and DSV Earnings: Third-Party Logistics Companies Squeezed in 2023

Michael Field

Jul 25, 2023

With Kuehne+Nagel and DSV, two giants of the logistics industry, reporting on the same day we get an excellent insight into the current state of the global shipping market. It’s telling when the two companies report EBIT down year over year between one third and one half and entitle the announcements a “very good result” and “solid financial performance.” Relative to their respective fair value estimates, we believe the shares of both are currently overvalued.

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