NTG Denmark improving in key markets
The Nordic Trans Group (NTG) reported a good Q2/2021, because “business activities exceeded pre-pandemic levels in all key markets.” The well-known turbulences led to the introduction of rate increases on domestic and cross-border transports.
NTG’s recent acquisitions are beginning to pay off, in turn. Acquired growth in revenue stood at 8.1%, driven by the acquisitions of Saga Trans, TB International, Cargorange, Twente Express and Neptun Transport. Saga Trans and TB International were merged into the acquiring NTG subsidiaries on 1 April 2021. Organic growth, including start-ups in Q2/2021, totalled 31.3%, compared to Q2/2020.
Total net revenues in Q2/2021 increased by more than 39%, compared to the same period last year, amounting to DKK 1.7 billion (EUR 230 million). The increase in the adjusted ebit includes a DKK 20 million net positive one-off effect in the road and logistics division related to the early termination and appertaining reassessment of a previously impaired lease agreement for an office and logistics facility in Switzerland. NTG acquired the Swiss forwarder Gondrand in April 2018. (sh)
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