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NTG Nordic Transport Group
NTG Nordic Transport Group (NTG) investor relations material
NTG Nordic Transport Group Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary5 Mar, 2026
Executive summary
Gross profit rose 14.5% in Q4 2025, driven by organic growth and recent acquisitions, despite normalization in Air & Ocean project volumes.
Adjusted EBIT increased 27.5% year-on-year in Q4 2025, mainly from Road & Logistics growth and a DKK 22 million ITC earn-out reversal.
A DKK 200 million share buyback program was launched, running until November 2026, aligned with capital allocation strategy.
2026 Adjusted EBIT guidance set at DKK 600–650 million, assuming stable market conditions.
Financial highlights
Q4 2025 net revenue was DKK 2,884 million, up 11.2% year-over-year; full-year revenue reached DKK 11,377 million, up 21.7%.
Q4 2025 gross profit was DKK 663 million, up 14.5% year-over-year; full-year gross profit was DKK 2,583 million, up 30.9%.
Q4 2025 adjusted EBIT was DKK 167 million, up 27.5% year-over-year; full-year adjusted EBIT was DKK 593 million, up 13.2%.
Gross margin benefited from lower ocean freight rates and a higher groupage mix in Road & Logistics.
Q4 2025 gross margin stable at 22.3%; conversion ratio improved to 25.2%.
Outlook and guidance
2026 Adjusted EBIT guidance: DKK 600–650 million, based on no significant market recovery or deterioration.
Special items for 2026 expected at DKK 20–25 million, related to Air & Ocean reorganization.
Price increases in Road & Logistics implemented early 2026, expected to support earnings as volumes normalize.
Outlook assumes flat to slightly positive volume growth, soft macro conditions, and muted consumer confidence.
Road & Logistics growth expected to align with European GDP; Air & Ocean volumes to grow moderately but with declining freight rates.
Road price increases: expected 2026 impact?
Air & Ocean reorganization: expected ROI?
Middle East tensions: Ocean freight rate impact?
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Next NTG Nordic Transport Group earnings date
Q1 20266 May, 2026
NTG Nordic Transport Group
Next NTG Nordic Transport Group earnings date
Q1 20266 May, 2026
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Frequently asked questions
NTG Nordic Transport Group provides asset-light freight forwarding services. It provides transportation of goods by road and rail, warehousing and storage of goods, distribution services, customs agency services, and other value added logistics services. The company serves various industries, including chemicals, foodstuffs, industrial products, consumer products, furniture, construction materials, electronics and electrical equipment. NTG Nordic Transport Group was founded in 2011 and is based in Hvidovre, Denmark.
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