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 är verksamt inom transport- och logistikbranschen. Bolaget erbjuder ett brett utbud av tjänster, inklusive transport med lastbil, flyg och via expressleveranser. Utöver huvudverksamheten erbjuds även möjligheten till lagerhållning. Störst verksamhet återfinns inom den skandinaviska marknaden, med huvudkontoret beläget i Hvidovre.
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