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    FREJA continues the positive development in 2016

    Knowledge and Full Service Provider status create strong customer relations for FREJA Group

    The transport and logistics provider FREJA Transport & Logistics Holding A/S presents a satisfying result in 2016 with continuous progress in all key figures. The subsidiaries in Norway and Finland deliver results significantly above marked level. During the year, FREJA has invested massively to reach the status as Full Service Provider. The investment ensures a strong basis for creating long-term partnerships with the customers. The Danish owner foresees significant opportunities to improve the result in the years to come.

    A continues positive development in earnings in 2016

    FREJA Transport & Logistics Holding A/S reports an increase in earnings from 2015 to 2016 of 1 percent. The total turnover in 2016 amounts to EUR 327 mill. EBIT amounts to EUR 6.3 mill. in 2016 compared to EUR 5.9 mill. in 2015. The result of the year before taxes amounts to EUR 6.2 mill. in 2016 compared to EUR 6.0 mill. in 2015.

    The equity of the Group has increased from EUR 24.7 mill. in 2015 to EUR 28.4 mill. in 2016. The solvency ratio has increased from 29.8 % to 33.9 % at the end of 2016 - a positive development in all financial key figures. The development in the Norwegian and Finnish subsidiaries is very positive whereas the Swedish subsidiary has not met the expectations of the year. The Danish company has invested in new business areas by adding competent knowledge resources. Since March 2016, a new subsidiary in China has been running and contributes better than expected in the first year.

    FREJA is ready to meet all customer needs as Full Service Provider
    FREJA is renowned for the company's massive IT investments to optimize its own business and to offer the customers the opportunity to attain better insight and more safety as regards the transport solution. In 2016, the overall business is strengthened further through investments in new business areas. FREJA has invested to solve complicated project assignments just as a unique Pharma division and a standard Air & Sea division have been established. Furthermore, FREJA offers the customers to utilize the knowledge resources from FREJA to optimize the internal logistics from A to Z.

    "We are convinced that building partnerships with our customers will create a win-win situation for all parties involved. If we get a deeper insight in the customer's value chain, we are able to offer a customised solution, which meets and optimizes the customer's logistics demands. Trust and credibility are keywords in the cooperation. To take responsibility is a natural part of our way of working in FREJA. We have always run the company FREJA based on strong values. We work daily to make a difference to our customers and to ensure that we improve together day by day," says Jørgen Hansen, owner and CEO in FREJA Group.

    It takes more than a reasonable result to impress a modest temper
    "We reached an acceptable result in 2016 but we also think there is room for improvements. We need to challenge ourselves continuously as regards the investment income. Our aim is to improve the result significantly in 2017 and a property sale in Sweden will contribute positively to a result that we can take pride in", Jørgen Hansen concludes.

    For further information please contact Group CEO Jørgen Hansen by phone +45 96 70 51 01 or by e-mail

    Freja office