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Kuehne + Nagel International AG (KHNGF) CEO Detlef Trefzger on Q4 2020 Results - Earnings Call Transcript

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Kuehne + Nagel International AG (OTCPK:KHNGF) Q4 2020 Results Earnings Conference Call March 3, 2021 8:00 AM ET

Company Participants

Detlef Trefzger - Chief Executive Officer

Markus Blanka-Graff - Chief Financial Officer

Conference Call Participants

Daniel Roeska - Bernstein Research

Robert Johnson - Exane BNP Paribas

Sathish Sivakumar - Citigroup

Neil Glynn - Credit Suisse

Andy Chu - Deutsche Bank

Mark McVicar - Barclays

David Kerstens - Jefferies

Michael Foeth - Vontobel

Muneeba Kayani - Bank of America

Sam Bland - JPMorgan


Ladies and gentlemen, welcome to the Full Year 2020 Results Conference Call and Live Webcast. I am Myra, the Chorus Call operator. I would like to remind you that all participants will be in listen-only mode and the conference is being recorded. The presentation will be followed by a Q&A session. [Operator Instructions]

At this time, it’s my pleasure to hand over to Detlef Trefzger, CEO of Kuehne + Nagel. Please go ahead, sir.

Detlef Trefzger

Thanks, Myra. Good morning, good day, good afternoon and good evening to all of you, and welcome to the analyst conference on the full year 2020 results of Kuehne + Nagel International AG. Our CFO, Markus, and I welcome you from as always from sunny Switzerland.

We published our full year 2020 results and the respective slide deck early this morning. And also as always, we get started on slide three.

Kuehne + Nagel successfully navigates through the crisis in 2020. Accelerating of operational and market momentum in quarter three, and especially in quarter three 2020, we were able to see underlying earnings recovery, which outpaced the improved volume trends, which is a reflection of improved market conditions on one side, cost control and the portfolio mix on the other side.

As you see on the slide, we closed the year with

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