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