Scan Global anticipates growth after unsatisfactory 2017

The operating profit decreased by almost two thirds for Scan Global in 2017, shows the company's Danish annual financial report. "However, we anticipate a significantly better 2018," the new CEO tells ShippingWatch.

Photo: Ritzau Scanpix/Søren Bidstrup

Scan Global Logistics had an active 2017 with several acquisitions that were settled and helped boost business. But the result of daily operations disappointed and fell short of the freight forwarder's expectations.

2017 marked the first full year with a new corporate structure after Scan Global in 2016 was acquired by equity fund AEA Investors. After this transaction, the fund also acquired US-based Transgroup, and the two freight forwarders have now been placed together under a combined ownership structure.

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