Agenavej 11 · DK 2670 Greve
Strong growth in activity despite challenging market conditions
21
May
2025
Strong growth in activity despite challenging market conditions
With the publication of our 2024 annual report, we are pleased to report a significant increase in activity for the financial year 2024.
With revenue reaching DKK 712 million, up from DKK 612 million in 2023, our 16% organic growth aligns with our strategic expectations.
However, despite this positive development, the overall financial performance for the year did not meet our targets. The company recorded a loss before tax of DKK 9.0 million and a net loss after tax of DKK 8.0 million. Cash flow for the year totaled DKK -5.9 million. Overall, the financial performance of the year 2024 is considered unsatisfactory by the Management.
The primary factors influencing this outcome include:
- A delayed delivery of trucks in 2023, leading to an extraordinary inflow in 2024.
- Increased operational costs and intense market competition.
- Continued strategic investments in digital transformation, organizational improvements, and compliance.
Despite these challenges, our equity remains solid at DKK 49.8 million, and we have taken decisive operational and tactical actions to stabilize the business.
Looking Ahead
With a strong foundation, we will focus on continuing our growth and sustainable business strategy with a better balance between growth and sustainability/profitability
Operational/tactical actions have already been taken and further planned, stabilizing the overall business situation in a highly competitive business of European international transportation and in a constantly changing world.
Based on our current knowledge and our continuing focus on adjusting to market conditions, we expect an activity level in the range of DKK 760-780m, financial results before tax in the range of DKK 10-15m, and positive cashflows in 2025 in the range of DKK 5-10m.
We thank our employees, partners, and customers for their continued trust and support as we navigate a dynamic and competitive European transportation market.
Link to Annual Report 2024
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