NTG Nordic Transport Group A/S
Transport & logistics·NTG · Nasdaq Copenhagen·Fiscal year to 31/12/2025
Net revenue was DKK 8,893 million in 2025 (2024: DKK 6,618 million), corresponding to a growth of 34.4%.
Exposure profile
Derived from what the company itself writes. Empty directions mean the report doesn't mention themes of that type.
In their own words
Grouped by theme, from the management review in the annual report. A · The company itself is a verbatim quote, B · From the report is without a verified quote.
Air freight
Raw materials and inputs
DriverNegative impact: weakens
“Net revenue was DKK 2,484 million in 2025 (2024: DKK 2,734 million), a decline of 9.1% compared to last year. Organic growth was negative 13.7%, mainly driven by lower freight rates and a normalisation of project volumes following an unusually strong 2024.”
Annual report 2025A · The company itself
Market
“The Air & Ocean division provides international air and ocean freight services, including project transports.”
Annual report 2025A · The company itself
Sea freight and freight rates
Raw materials and inputs
DriverNegative impact: weakens
“Net revenue was DKK 2,484 million in 2025 (2024: DKK 2,734 million), a decline of 9.1% compared to last year. Organic growth was negative 13.7%, mainly driven by lower freight rates and a normalisation of project volumes following an unusually strong 2024.”
Annual report 2025A · The company itself
Market
“The Air & Ocean division provides international air and ocean freight services, including project transports.”
Annual report 2025A · The company itself
Chains in: Geopolitical uncertainty strengthens
Europe
Geography
StrategyPositive impact: strengthens
“To access talent and capabilities, we will expand our start-up programme in 2026. The aim is to attract entrepreneurial talent and launch new ventures across Europe, expanding into new geographies and developing niche segments not yet covered by the division.”
Annual report 2025A · The company itself
Geography
“Organic growth was 5.6%, driven by marketshare gains across Denmark, Sweden and the Netherlands.”
Annual report 2025A · The company itself
Geography
“The Road & Logistics division provides transport and warehousing solutions with a geographical focus on Europe.”
Annual report 2025A · The company itself
M&A and consolidation
Macro
StrategyPositive impact: strengthens
“Growth from M&A was 28.3%, primarily driven by the acquisitions of Schmalz+Schön, ITC and Groupage TMS Alongside consolidation, we will continue to strengthen operational control through systems and standardisation.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“At the same time, we will continue to pursue M&A where it strengthens our core markets or adds relevant capability.”
Annual report 2025A · The company itself
Shipping and logistics
End markets
Market
“Net revenue was DKK 8,893 million in 2025 (2024: DKK 6,618 million), corresponding to a growth of 34.4%.”
Annual report 2025A · The company itself
Market
“The Road & Logistics division provides transport and warehousing solutions with a geographical focus on Europe.”
Annual report 2025A · The company itself
Chains in: Carbon tax and ETS prices weakens, Global trade volumes strengthens, Fuel strengthens
Automation and robotics
Technology
StrategyPositive impact: strengthens
“A key initiative is the roll-out of the new groupage TMS, which supports more consistent ways of working, improves data quality, and enhances visibility and efficiency across operations.”
Annual report 2025A · The company itself
Digitalisation
Technology
StrategyPositive impact: strengthens
“A key initiative is the roll-out of the new groupage TMS, which supports more consistent ways of working, improves data quality, and enhances visibility and efficiency across operations.”
Annual report 2025A · The company itself
Chains in: Cybersecurity (products and services) strengthens, Public investment and infrastructure strengthens
Chains out: this strengthens IT consulting and public-sector IT
Labour and wages
Raw materials and inputs
DriverPositive impact: strengthens
“We will continue to focus on developing, retaining and attracting key personnel, particularly in roles that drive operational discipline and commercial development.”
Annual report 2025A · The company itself
DriverNegative impact: weakens
“Suppliers in some countries could force its employees to violate rules and conditions of work, which could present a risk to NTG.”
Annual report 2025A · The company itself
DriverNegative impact: weakens
“The transport industry traditionally has a lower representation of women, particularly in operational and commercial roles.”
Annual report 2025A · The company itself
Business cycle and GDP growth
Macro
DriverPositive impact: strengthens
“Organic growth remains a priority, supported by our network and the potential to increase cross-sales and collaboration across entities.”
Annual report 2025A · The company itself
Chains out: this strengthens Global trade volumes, strengthens Construction
Currency exposure
Macro
DriverNegative impact: weakens
“Growth from M&A was 6.4%, reflecting the first full-year impact, while currency effects were negative 1.8%.”
Annual report 2025A · The company itself
Denmark
Geography
Geography
“Organic growth was 5.6%, driven by marketshare gains across Denmark, Sweden and the Netherlands.”
Annual report 2025A · The company itself
Nordics
Geography
Geography
“Organic growth was 5.6%, driven by marketshare gains across Denmark, Sweden and the Netherlands.”
Annual report 2025A · The company itself
Competitors mentioned in the report
No named competitors in the report.
Financial figures
| Revenue latest fiscal year | 11.38 bn DKK |
| Revenue growth vs. the year before, same method | 21.7 % |
| EBITDA reported by the company | 0.96 bn DKK |
| Net debt debt incl. leasing minus cash | N/A |
| Diluted EPS per share | 9.93 DKK |
Source: annual report (ESEF) A. See the report
Criteria
| Profit | ✓ |
| Growing | ✓ |
| Healthy balance sheet | N/A |
Only the criteria that can be computed from financial statements on this page. The remaining criteria (such as price and dividend) need a share price and are in the analysis.