NTG | Nordic Transport Group (One-pager): Improving market conditions see a return to growth in Q2 2024
NTG beat analyst expectations in Q2 2024 returning to revenue (+9% y/y), and adj. EBIT gained (+11% y/y) growth in Q2, despite some decline in gross earnings, as overall market conditions improved, particularly in Air & Ocean. Macro conditions still remain challenging, however, there are signs on improvement which NTG expects will be sustained into Q3 and Q4 2024.
NTG has also stepped up its acquisition activities thus far in Q3 2024 making three acquisitions, based in Germany, Italy, and Asia, primarily strengthening its Road & Logistics activities. To learn more about NTG, its YTD performance and outlook for the remainder of 2024 and beyond read the full One-pager.
NTG Group CFO Christian Jakobsen will also present the Q2 2024 earnings on Tuesday, 13 August, at 12.30 CET (in Danish) where you can ask questions and learn more. Sign up here: https://www.inderes.dk/videos/ntg-praesentation-af-regnskabet-for-q2-2024
Disclaimer: HC Andersen Capital receives payment from NTG for a DigitalIR/corporate visibility subscription agreement. / Philip Coombes 14:15 09/08/2024
NTG Nordic Transport Group
NTG Nordic Transport Group (NTG) is a Danish-based freight forwarding company specialising in arranging and overseeing cargo transportation throughout Europe and the rest of the world via truck, ship, aircraft, and train. NTG is listed on the Nasdaq OMX Copenhagen Stock Exchange. NTG’s organisational structure comprises two divisions: Road & Logistics and Air & Ocean. The Road & Logistics division, a primary revenue driver in 2021, provides road transportation and logistics services in Europe. The Air & Ocean division offers air and ocean freight services globally and is of increasing importance to NTG. Based in Denmark, NTG is organized through a large international network of subsidiaries in Europe, the US, and East Asia. The company has established subsidiaries through a combination of organic and acquisitive initiatives, and NTG has a history of c. 30 mergers and acquisitions.
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