NTG Nordic Transport Group

NTG’s updated one-pager highlights updated strategies following its 2022 annual report, investigates the current company and market outlook and highlights NTG’s relative valuation against a peer group of large freight forwarders.

NTG reported its best annual result FY 2022 following strong momentum in the transport sector. FY 2022 NTG realised results slightly over the top end of its latest guidance, with revenues of DKKbn 10.2 (FY 21 DKKbn 7.3), Adj EBIT of DKKm 758 (FY 21 DKKm 542), and a net income of DKKm 535 (FY 21 DKKm 385). The result saw revenue grow 40% (16% organic growth), an Adj EBIT margin of 7.4%, reflecting Adj EBIT growth of 39.9%

HCA Market Close 06.12.22 – NTG | Nordic Transport Group narrows its guidance range towards the top end.

HCA Market Close 07.11.22 –NTG gained today ahead of its Q3 2022 results which were announced after the market closed today and revealed a beat on consensus estimates from Refinitv and Norden falls following its ex-dividend and insider selling.

This afternoon we have published our Investment Case on NTG | Nordic Transport Group A/S with a focus on the business model, market development, ESG perspective and an overview of the company's competitors and pricing in relation to a number of these.