NTG | Nordic Transport Group (One-pager): Solving global transport complexities with freight solutions
Read the latest NTG | Nordic Transport Group One-pager update following the FY 2023 results. The One-pager includes a brief description of NTG | Nordic Transport Group, latest financials, valuation perspectives relative to a peer group and outlines several key investment risks and key investment reasons.
NTG | Nordic Transport Group faced challenging markets in 2023 as inflation contributed to consumer weakness and, in turn, weaker goods demand. The company saw revenues fall 18% with Adj. EBIT landing at DKK 630m (DKK 758m in FY 2022); however, NTG still delivered strong returns on invested capital of 32% FY 2023, making use of its asset-light business model to adjust its capacity. NTG forecasts continued low activity levels in 2024, guiding for an Adj EBIT of 500-580m FY 2024. The company will actively seek acquisitions in 2024, following a slower year on the M&A side in 2023, as its leverage ratio of 1.1x FY 2023 is accommodative and valuations become more attractive.
Disclaimer: HC Andersen Capital receives payment from NTG for a DigitalIR/Corporate Visibility subscription agreement./ Philip Coombes 11:10 14/03/2024.
NTG Nordic Transport Group
Nordic Transport Group (NTG) er en dansk-baseret speditionsvirksomhed eller såkaldt freight-forwarder, der tilbyder transport- og logistikløsninger i hele Europa og resten af verden via lastbil, skib, fly og tog. NTG blev noteret på Nasdaq OMX Copenhagen i 2019. NTG’s organisationsstruktur omfatter to divisioner: Road & Logistics samt Air & Ocean. Road & Logistics divisionen leverer vejtransport og logistiktjenester i Europa, og har historisk været den primære del af NTG. Air & Ocean divisionen tilbyder transport med fly og skibe luft- og søfragt globalt, og er af stigende betydning for NTG - specielt efter opkøbet af Aries Global Logistics i USA i maj 2022. Med base i Danmark er NTG organiseret gennem et stort internationalt netværk af datterselskaber i Europa, USA og Østasien. Virksomheden har etableret datterselskaber gennem en kombination af organisk vækst og overtagelser, og NTG har en historik med ca. 30 fusioner og opkøb.
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