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
Nordic Transport Group (NTG) er en dansk-baseret speditionsvirksomhed eller såkaldt freight-forwarder, der tilbyder transport- og logistikløsninger i hele Europa og resten af verden via lastbil, skib, fly og tog. NTG blev noteret på Nasdaq OMX Copenhagen i 2019. NTG’s organisationsstruktur omfatter to divisioner: Road & Logistics samt Air & Ocean. Road & Logistics divisionen leverer vejtransport og logistiktjenester i Europa, og har historisk været den primære del af NTG. Air & Ocean divisionen tilbyder transport med fly og skibe luft- og søfragt globalt, og er af stigende betydning for NTG - specielt efter opkøbet af Aries Global Logistics i USA i maj 2022. Med base i Danmark er NTG organiseret gennem et stort internationalt netværk af datterselskaber i Europa, USA og Østasien. Virksomheden har etableret datterselskaber gennem en kombination af organisk vækst og overtagelser, og NTG har en historik med ca. 30 fusioner og opkøb.
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