Ich meine, 50-60 EUR ist mehr als fair und unterbewertet im Vergleich zur Konkurenz.
"BY KATRINE GRØNVALD RAUN Published: 03.08.20 at 09:10
The year's second quarter brought good news for both DSV Panalpina and DHL, which both reported results that were significantly above expectations. Things looked differently for XPO Logistics, which suffered an operating deficit.
There are big differences in the results for the just-finished quarter among logistics companies, writes investment bank Jefferies in an analysis.
DSV Panalpina's operating income, EBIT, grew 60 percent, which is without comparison the strongest performance in the sector, according to the bank.
"(...) reflecting strong cost management, the Panalpina integration, and a boost to Panalpina's legacy freighter network in a tight air freight market."
Competitor DHL Forwarding & Freight and DHL Supply Chain presented preliminary figures showing an EBIT growth of 6 percent, while Kuehne+Nagel is 13 percent lower than DSV. XPO Logistics' adjusted operating result, EBITDA, dropped 63 percent, due to, among other factors, a 17 percent decline in revenue.
"The performance differences reflect differences in transport mode and industry vertical exposure, cost management measures and asset intensity."
Early in the quarter, the coronavirus outbreak made some fear a decrease in trade. But the setback has been far from as bad as feared, as the markets experienced improvements in May and June. Jefferies expects a gradual improvement in freight volumes in the second half of the year.
English Edit: Daniel Logan Berg-Munch"
|