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MarketScreener Homepage  >  Equities  >  NASDAQ OMX COPENHAGEN  >  NTG Nordic Transport Group A/S    NTG   DK0061141215

NTG NORDIC TRANSPORT GROUP A/S

(NTG)
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NTG Nordic Transport A/S : Road Norway AS acquires Saga Trans AS

11/26/2020 | 11:21am EST

26 November 2020

NTG Road Norway AS acquires Saga Trans AS NTG Road Norway AS ('NTG Road Norway'), a partner-driven subsidiary of NTG Nordic Transport Group A/S ('NTG'), has entered into a share purchase agreement regarding the acquisition of 100% of the shares in Saga Trans AS ('Saga Trans').

Saga Trans was founded in 1985 in Oslo, Norway and specialises in road freight forwarding between Italy and Norway. In the financial year ending 31 December 2019, Saga Trans generated a revenue of NOK 36 million and an EBIT of NOK 5 million.

NTG Road Norway commenced operations on 1 April 2020. The acquisition thus marks an important step in strengthening NTG's setup in the Norwegian market and demonstrates the ability to accelerate growth in start-ups through bolt-on acquisitions.

'We are pleased to welcome Saga Trans to NTG. The acquisition adds skills and competencies to our existing setup in NTG Road Norway and strengthens our offering in the Norwegian market', says Jesper Petersen, CEO of Road & Logistics at NTG.

Closing of the transaction is expected on 30 November 2020 and NTG Road Norway and Saga Trans are expected to merge during the first quarter of 2021. The combined operations will continue in the existing subsidiary, NTG Road Norway.

Disclaimer

NTG - Nordic Transport Group A/S published this content on 26 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 November 2020 16:20:05 UTC


© Publicnow 2020
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Financials
Sales 2020 5 280 M 864 M 864 M
Net income 2020 119 M 19,5 M 19,5 M
Net Debt 2020 538 M 88,0 M 88,0 M
P/E ratio 2020 46,8x
Yield 2020 -
Capitalization 5 459 M 893 M 893 M
EV / Sales 2020 1,14x
EV / Sales 2021 1,05x
Nbr of Employees 1 480
Free-Float 56,9%
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Mean consensus BUY
Number of Analysts 1
Average target price 200,00 DKK
Last Close Price 246,00 DKK
Spread / Highest target -18,7%
Spread / Average Target -18,7%
Spread / Lowest Target -18,7%
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Managers and Directors
NameTitle
Michael Larsen Group Chief Executive Officer
Eivind Drachmann Kolding Chairman
Christian D. Jakobsen Group Chief Financial Officer
Jesper Praestensgaard Director
Jørgen Hansen Vice Chairman
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