Brief: NTG Nordic Transport Group Raises 2021 Revenue And Adjusted EBIT Outlook

NTG Nordic Transport AS

03/05/2021 13:54

May 3 (Reuters) - NTG Nordic Transport Group AS  NTGNT.CO :
    * REG-UPDATE ON CURRENT TRADING AND FULL-YEAR OUTLOOK FOR
2021
    * EXPECTS TO REALISE A REVENUE OF APPROXIMATELY DKK 1,500
MILLION
AND AN ADJUSTED. EBIT OF APPROXIMATELY DKK 100 MILLION IN Q1
2021
    * NTG NOW EXPECTS TO REALISE A REVENUE OF DKK 5,900 - 6,300
MILLION (PREVIOUSLY DKK 5,500 - 6,000 MILLION)
    * EXPECTS TO REALISE A REVENUE OF DKK 5,900 - 6,300 MILLION
(PREVIOUSLY DKK 5,500 - 6,000 MILLION) AND AN ADJUSTED. EBIT OF
DKK 360 - 400 MILLION (PREVIOUSLY DKK 300 - 350 MILLION) IN 2021
    * EXPECT EXTRAORDINARY STRONG MARKET DEVELOPMENT TO CONTINUE
INTO
Q2 OF 2021 AND THAT MARKETS WILL NORMALISE IN SECOND HALF OF
YEAR
    * UNCERTAINTY REMAINS ELEVATED AND ASSUMPTIONS UNDERLYING
OUTLOOK
MAY CHANGE MARKEDLY AS REMAINDER OF 2021 UNFOLDS.
    * REASSESSMENT OF PREVIOUSLY IMPAIRED LEASE AGREEMENT IS
EXPECTED
TO AFFECT RESULTS POSITIVELY IN Q2 2021 WITH A ONE-OFF EFFECT OF
APPROXIMATELY DKK 20 MILLION

Source text for Eikon:  ID:nGNE6zVYFm 
Further company coverage:  NTGNT.CO 

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