NTG Nordic Transport Group AS
CSE:NTG

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NTG Nordic Transport Group AS Logo
NTG Nordic Transport Group AS
CSE:NTG
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Price: 187.2 DKK 2.07% Market Closed
Market Cap: 4.2B DKK

NTG Nordic Transport Group AS
Investor Relations

NTG Nordic Transport Group A/S is an international forwarding and logistics provider for road freight, sea freight, air freight and contract logistics. The firm operates through two segments: Road & Logistics and Air & Ocean. The Road & Logistics segment provides logistics and road transportation services in Europe and operates mainly in the Nordics. The Air & Ocean segment covers the related transportation services globally.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 11, 2025
AI Summary
Q3 2025

Strong Profit Growth: Both divisions delivered double-digit gross profit growth in Q3, with adjusted EBIT up 40% year-on-year, mainly from organic strength in Denmark and Sweden and recent acquisitions.

Revenue Surge: Net revenue rose 28% to DKK 2.941 billion, driven primarily by acquisitions (30%), while organic growth was slightly negative at -1.2%.

Margin Improvement: Gross margin improved by 2.4 percentage points to 22.3%, benefiting from lower ocean freight rates and higher groupage and warehousing from German acquisitions.

Guidance Narrowed: Full-year 2025 EBIT guidance was tightened to DKK 560–590 million, reflecting a cautious outlook for Q4 and an expectation of continued muted market conditions.

German Challenges: The German market remains soft, particularly affecting recent acquisitions Schmalz+Schön and ITC, with ongoing restructuring and recovery efforts highlighted.

Q3 Cash Flow & Debt: Adjusted free cash flow was DKK 1 million, and net debt increased to DKK 1.2 billion due to acquisitions.

Price Increases Ahead: Management expects selective price increases in Q4 2025 and Q1 2026, especially in Denmark, Sweden, and some parts of Germany, mainly to secure haulier capacity.

TMS & AI Initiatives: The pilot for a new transport management system (TMS) has launched, with broader rollout in 2026, and AI projects are underway to boost productivity.

Key Financials
Net Revenue
DKK 2.941 billion
Gross Profit
DKK 657 million
Gross Margin
22.3%
Adjusted EBIT
DKK 160 million
Operating Margin
5.4%
Road & Logistics Revenue
DKK 2.296 billion
Road & Logistics Organic Growth
6.8%
Road & Logistics Gross Profit
DKK 511 million
Road & Logistics Gross Margin
22.3%
Road & Logistics Adjusted EBIT
DKK 139 million
Road & Logistics Operating Margin
6.1%
Air & Ocean Organic Growth
-18%
Air & Ocean Operating Margin
3.3%
Air & Ocean Conversion Ratio
14.4%
Adjusted Free Cash Flow
DKK 1 million
Net Interest-Bearing Debt (excluding IFRS 16)
DKK 1.2 billion
Return on Invested Capital (before tax)
18%
Earnings Call Recording
Other Earnings Calls

Management

Mr. Christian Paul Dyander Jakobsen
Group CFO & Member of the Executive Board
No Bio Available
Mr. Michael Larsen
COO of Road & Logistics and Member of Executive Board
No Bio Available
Mr. Mathias Jensen-Vinstrup
Group CEO & Member of Executive board
No Bio Available
Mr. Peter Grubert
Executive VP & Member of Executive Board
No Bio Available
Mr. Jesper E. Petersen
CEO of Road & Logistics and Member of the Executive Board
No Bio Available
Johan Lonberg
Group General Counsel
No Bio Available

Contacts

Address
Hvidovre
Hammerholmen 47-49
Contacts
+4576340900.0
ntg.dk