NTG (One-pager): Top end of guidance reduced as NTG makes four acquisitions in pursuit of market share
Read the latest NTG One-pager following the Q3 2024 results as the company pursues greater market share amid weaker markets. NTG has announced four acquisitions in H2 2024, with the acquired companies generating combined revenues of DKK 1.9bn and EBIT of DKK 160m for the year 2023. Economic conditions continue to challenge the freight forwarding sector with NTG reducing the top-end of its guidance to Adj. EBIT of 500-550m (from DKK 500-580m) FY2024.
NTG has focused on increasing market share, with its four acquisitions focused mostly in the Road & Logistics division. To learn more about NTG, its performance YTD, and its outlook you can also catch up on the latest presentation of the Q3 results hosted with NTG CFO Christian Jakobsen.
Link: https://www.inderes.dk/videos/ntg-praesentation-af-regnskabet-for-q3-2024
HC Andersen Capital receives payment from NTG for a DigitalIR/corporate visibility subscription agreement. / Philip Coombes 08:40 05/11/2024.
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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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