NTG Q2 2026 EBIT rises 23%, outlook upgraded on growth

NTG Logistics Group said on Monday its earnings before interest and taxes (EBIT) rose 23% in the second quarter of 2026, driven by strong operational performance and resilient demand across its European transport networks.

The company, which provides freight and logistics services, raised its full-year outlook after reporting EBIT of €120 million for the quarter, compared with €97.5 million in the same period last year. Revenue grew 18% year-over-year to €410 million, supported by higher volumes and improved pricing power in key markets.

NTG’s management cited sustained growth in e-commerce and industrial logistics as key drivers behind the outperformance. The company also highlighted efficiency gains from recent digitalization initiatives and cost-control measures implemented over the past year.

As a result of the stronger-than-expected results, NTG revised its full-year EBIT guidance to a range of €480 million to €500 million, up from its prior forecast of €440 million to €460 million. The company maintained its dividend policy, reaffirming a payout of €1.20 per share for the fiscal year.

Shares in NTG were up 4.2% in early trading on Monday, outperforming the broader European transport sector, which gained 1.8% on the day. Analysts at Deutsche Bank maintained a "buy" rating on the stock, citing the company’s improving margins and robust cash flow generation.

NTG did not provide a detailed breakdown of segment performance but noted that its road freight and contract logistics divisions contributed equally to the EBIT growth. The company plans to release its full financial statements and detailed segment analysis on July 25, 2026.