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UPDATE 1-Kuehne & Nagel remains cautious after strong Q1 results

By Reuters Staff (Adds comments from call, background, stock move) April 26 (Reuters) - Swiss logistics group Kuehne & Nagel International said on Monday it remains cautious about this year even though its core earnings more than doubled in the first quarter due to strong demand in pharma and e-commerce. “The shift from retail to e-commerce will definitely continue,” Chief Executive Officer Detlef Trefzger said in a call with analysts. The group, rivals of which include Denmark’s Maersk and DSV Panalpina, reported first-quarter earnings before interest and tax (EBIT) of 431 million Swiss francs ($472.48 million), above a company-compiled consensus of 304 million Swiss francs.

UPDATE 2-Edenred s Q1 organic revenue growth tops expectations

(Adds detail from call, background) April 22 (Reuters) - Edenred beat first-quarter revenue expectations on Thursday, as the French provider of vouchers and cards returned to organic growth across all regions. Edenred confirmed its 2021 guidance for 6% growth in organic core profit and reported first-quarter organic revenue of 373 million euros ($449 million), topping the 366 million forecast by analysts. “We demonstrated our capacity to leverage our digital platform - in which we have invested between 250 million and 300 million euros,” CEO Bertrand Dumazy said on a call with analysts. Known for its prepaid Ticket Restaurant meal vouchers, Edenred has been shifting to online platforms and home deliveries during lockdowns.

France s Edenred returns to organic growth with Q1 beat

France s Edenred returns to organic growth with Q1 beat
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