Less turnover, more profits
Freja Transport & Logistics Holding reports a decrease in turnover for the first half of 2020 at 1.5% compared to 2019. Total turnover for H1/2020 amounts to DKK 1.64 billion (EUR 220.2 million).
Ebit for the first six months of the year totals DKK 76.6 million (EUR 10.2 million) in 2020 compared to DKK 30 million (EUR 4 million) in 2019. Pre-tax profits of the first six months total DKK 66.9 million (EUR 9 million) in 2020 compared to DKK 22.3 million (EUR 3 million) in 2019.
“The financial statement for H1/2020 shows that our business model and our large focus on a cooperation across Freja countries are worth the efforts. Our loyal and dedicated employees have shown exceptional efforts during these difficult Covid-19 times, which means that Freja has come out stronger after a very turbulent first half year,” says group CEO Ulrik Rasmussen. (mw)