A year with focus on consolidation
Freja Transport & Logistics Holding increased its turnover by 7.1% from 2018 to 2019. In 2019, total turnover amounted to DKK 3.34 billion (EUR 447.8 million). The result before tax was DKK 53.7 million (EUR 7.2 million) in 2019 compared to DKK 38.1 million (EUR 5.1 million) in 2018.
Among all branches, the company’s subsidiaries in Norway and Finland delivered results above market level. The Swedish subsidiary’s performance was again disappointing in 2019, even though it showed a rising trend over the last six months.
The Danish subsidiary’s results met the expectations for 2019. In 2020, the company’s focus will remain on the integration and construction of the Polish subsidiary.
“In 2019, we concentrated on the consolidation and continuous integration of Transcargo. In 2020, our main priorities will be to assert our position in the Polish market and restructure our activities in Sweden,” says group CEO Ulrik Rasmussen. (mw)