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Kuehne + Nagel International AG (KHNGF) CEO Detlef Trefzger on Q4 2021 Results - Earnings Call Transcript

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Kuehne + Nagel International AG (OTCPK:KHNGF) Q4 2021 Earnings Conference Call March 2, 2022 8:00 AM ET

Company Participants

Detlef Trefzger - Chief Executive Officer

Markus Blanka-Graff - Chief Financial Officer

Conference Call Participants

Alex Irving - Bernstein

Sathish Sivakumar - Citigroup

Muneeba Kayani - Bank of America

Sam Bland - JPMorgan

Michael Foeth - Vontobel

Gian-Marco Werro - ZKB

Nikolas Mauder - Kepler Cheuvreux

Detlef Trefzger

Good morning, good day, good afternoon and good evening to all of you and welcome to the Analyst Conference Call on the Full Year 2021 Results of Kuehne + Nagel International AG. Our CFO, Markus Blanka-Graff, and I welcome you from Switzerland.

We prepared an analyst presentation, but given the current situation, I would like to make a short statement before we go to the details of last year’s performance. Russia’s acts of war in Ukraine has shaken the world deeply as a company operating in more than 100 countries, employing people of different nationalities and actively fostering cultural diversity, our values are based on neutral respect, trust and democracy. We believe in the principles of the United Nations and the peaceful resolution of conflict amongst nations to secure a sustainable future for all. Our thoughts are with the people of Ukraine, our colleagues and their families. Thank you for listening.

And now we get started with the analyst presentation. And as always, we get started on Slide 3. The year 2021 has been another remarkable year. Our net turnover increased by almost 50% organically, while the results more than doubled. This is an extension of the strong trend that we have seen from the start of the year 2021, a confirmation and an acceleration of our strategy and the deployment of the strategic programs in all business and functional units.

The key

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