NTG upgrades forecast again – expects revenue above USD 1 billion

With activities remaining high and increased freight rates for Air & Ocean especially, Nordic Transport Group is raising its forecast for the fourth time this year. Air cargo rates have reached a level where it no longer makes sense to switch cargo from ocean to planes, says CEO.

Photo: PR/NTG

Business is still booming at the listed transport company Nordic Transport Group (NTG), which raised its expectations for a fourth time years Thursday, both as far as revenue and operating result.

The company now expects to generate somewhere between DKK 7-7.3 billion (USD 1-1.1 billion) against DKK 6.7-7 billion as per the previous forecast.

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