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
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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