NTG Nordic Transport Group A/S/DKr NTG

1D1W1MYTD1Y5YMAX

About NTG Nordic Transport Group A/S

NTG Nordic Transport Group A/S, founded in 2011 and headquartered in Hvidovre, Denmark, is an asset-light freight forwarding company offering customized transport solutions across road, rail, air, and ocean. The company operates through two main divisions: Road & Logistics and Air & Ocean, providing services such as project transportation, transport consulting, warehousing, customs clearance, and express freight. NTG employs a decentralized organizational structure with numerous subsidiaries in over 20 countries, including Denmark, Sweden, the United States, Germany, and Finland, enabling a global reach with locally anchored expertise. A distinctive aspect of NTG's business model is its Partnership Model, which offers employee co-ownership to incentivize partners in its subsidiaries, combining the scale advantages of a large corporation with an entrepreneurial mindset. Since its inception, NTG has experienced significant growth through organic development and strategic acquisitions, including the 2023 acquisition of a 75% stake in RTC Transport A/S, a Danish company specializing in home deliveries of interior products. In 2024, NTG reported net revenue of DKK 9,352 million, reflecting a 12.16% increase from the previous year.
Ticker
DKr NTG
Sector
Mobility
Primary listing
CSE
Employees
3,143
Headquarters
Hvidovre, Denmark
Website
ntg.com

NTG Metrics

BasicAdvanced
kr 6.1B
22.71
kr 12.33
1.08
-

Bulls say / Bears say

NTG delivered strong Q2 execution: revenue increased 16.6% year over year, adjusted EBIT rose 23.4% to DKK 179 million, and operating margin improved to 5.4% from 5.1%. (NTG H1 2026 Interim Report)
Road & Logistics is showing meaningful operating leverage: Q2 adjusted EBIT increased 24.8% to DKK 161 million, with the operating margin rising to 6.1%, supported by higher freight rates, improving conditions and solid Nordic performance. (NTG H1 2026 Interim Report)
Balance-sheet and shareholder-return metrics improved: H1 2026 leverage declined to 2.25x from 3.04x, free cash flow was DKK 290 million versus negative DKK 523 million a year earlier, and the company is executing a share buyback of up to DKK 200 million. (NTG H1 2026 Interim Report; NTG Annual Report 2025)
Gross-margin pressure remains a concern: Q2 2026 gross margin fell to 21.5% from 23.1% a year earlier, while higher freight rates and mix changes constrained gross-profit growth relative to revenue. (NTG H1 2026 Interim Report)
Air & Ocean remains a weak spot: Q2 revenue rose 17.4%, but gross profit was flat, gross margin dropped 3.6 percentage points to 20.7%, and the division continues to incur restructuring costs. (NTG H1 2026 Interim Report)
Management withdrew its medium-term adjusted-EBIT ambition, citing weaker visibility, uneven demand and greater dependence on uncertain M&A opportunities; this reduces long-term earnings visibility for investors. (NTG medium-term ambition update)
Data summarised monthly by Lightyear AI. Last updated on 10 Sept 2026.

Funds containing NTG

AllEURGBP
Funds
Fund name
Fund size
DKr NTG weighting
Xtrackers MSCI Europe Small Cap€DX2J
€3.2B0.03%
Xtrackers MSCI Europe Small Cap£XXSC
£2.8B0.03%
SPDR MSCI All Country World IM€SPYI
€7.5B0.00%
Vanguard ESG Global All Cap€V3AA
€1.1B0.00%
Vanguard ESG Global All Cap£V3AB
£905M0.00%
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.