Stefan Pau
CEO, Kühne Nagel
Replay available
Kuehne + Nagel International AG (0QMW) Q4 2025 Earnings Call
Kuehne + Nagel International AG (LSE: 0QMW) Q4 2025 earnings conference call, held 2026-03-03. Replay captured from the company's public earnings webcast.
Hosted by
Featured presenters
Alireza Nemati
Chief AI and Innovation Officer, Kühne Nagel
Markus Blanka Graf
CFO, Kühne Nagel
James Hollings
Analyst, BNP Paribas
Alexia Dogani
Analyst, JP Morgan
Alex Irving
Analyst, Bernstein
Muneeba Kayani
Analyst, Bank of America
Marco Limiter
Analyst, Barclays
Investor webinar replay
Watch the replay and follow the connected company analysis, news, and investor updates for Kuehne & Nagel International Ag.
Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:05.082 Good afternoon and welcome to the presentation of Kühne Nagel's full year 2025 financial 00:00:05.082 -- 00:00:06.545 results. 00:00:06.545 -- 00:00:11.615 I'm CEO Stefan Pau, joined once again by our CFO, Markus Blanka Graf, 00:00:11.615 -- 00:00:18.064 and the guest speaker, Chief AI and Innovation Officer, Alireza Nemati. 00:00:18.930 -- 00:00:22.677 Let's go to page number to full year result. 00:00:22.677 -- 00:00:27.224 First of all, I would like to thank our customers for their trust and our colleagues 00:00:27.224 -- 00:00:32.231 for their commitment as we reinforced our number one position in sea and 00:00:32.231 -- 00:00:34.731 air freight globally. 00:00:34.854 -- 00:00:40.763 In the fourth quarter of 2025, we continued to expand our market share in air logistics 00:00:40.763 -- 00:00:45.249 and further improved our share of SME business in sea logistics. 00:00:45.249 -- 00:00:50.065 This contributed to stabilization of yields quarter over quarter, 00:00:50.065 -- 00:00:55.990 We achieved these results despite weak demand and overcapacity. 00:00:56.253 -- 00:01:02.000 On a full year basis, underlying group EBIT declined by 14%, primarily 00:01:02.000 -- 00:01:08.287 due to yield pressure in sea logistics in the second and the third quarter. 00:01:08.287 -- 00:01:14.455 Group EPS declined by 25% year over year, or 15% excluding 00:01:14.455 -- 00:01:19.559 non-recurring items, and a currency headwind of 3%. 00:01:20.187 -- 00:01:24.952 The combined sea and air conversion rate was at 28%, excluding 00:01:25.436 -- 00:01:27.800 non-recurring items. 00:01:27.800 -- 00:01:33.188 The consolidation of IMC reduced the combined conversion rate by about one percentage 00:01:33.188 -- 00:01:35.011 point. 00:01:35.011 -- 00:01:40.76...