Brief: NTG Lowers FY Adjusted EBIT Outlook

NTG Nordic Transport AS

03/08/2023 12:55

Aug 3 (Reuters) - NTG Nordic Transport Group AS
 NTGNT.CO :
    * UPDATE ON FULL-YEAR OUTLOOK FOR 2023
ACTIVITY WAS LOWER THAN EXPECTED DURING Q2 2023, WITH A WEAK
SPOT MARKET AND LOWER VOLUMES
    * ANTICIPATED IMPROVEMENT IN MARKET CONDITIONS DURING Q2 DID
NOT
MATERIALISE, AND WE HAVE YET TO EXPERIENCE A PICK-UP IN VOLUMES
    * LOWER-THAN-EXPECTED RESULTS ARE MOST NOTABLE IN AIR &
OCEAN
DIVISION, WHEREAS ROAD & LOGISTICS IS MORE STABLE DESPITE WEAK
SPOT MARKET
    * OUTLOOK 2023: ADJUSTED EBIT OF DKK 600 - 650 MLN
PREVIOUSLY DKK
620 - 700 MLN)

Source text for Eikon:  ID:nGNEBYKZh 
Further company coverage:  NTGNT.CO 

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