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NTG (One-pager): Acquisitions drive growth against challenging market conditions

NTG Nordic Transport Group
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Read the latest NTG One-pager following the Q2 2025 results, as NTG continued its acquisition-led expansion. Group revenue increased by 23.9% YoY to DKK 2,857 million, broadly in line with consensus, but organic growth remained negative (-1.8%) as several key markets, particularly Germany, continued to face weakness.

 Road & Logistics delivered 37% revenue growth, driven largely by acquisitions (+32.4%), with only 3.8% organic growth, but against flat overall market development. Margins were, however, diluted by underperformance at recent German acquisitions. Air & Ocean saw revenue fall 10.1% and EBIT decline 73% on lower project activity and reduced Transpacific volumes, despite a higher gross margin. Negative tariff impacts in Q2 were a contributing factor. Management narrowed 2025 adjusted EBIT guidance to DKK 560–610 million (from DKK 560–630 million) and now expects flat market conditions for the remainder of the year.

To learn more about NTG, its Q2 2025 results, and its updated outlook, watch the latest presentation hosted with NTG Head of Investor Relations Sebastian Rosborg. Link: https://www.inderes.dk/videos/ntg-praesentation-af-regnskabet-for-2-kvartal-2025

HC Andersen Capital receives payment from NTG for a Digital IR/Corporate Visibility subscription agreement. / Philip Coombes 09:57 13 August 2025.

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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