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Dear reader

In FREJA, we believe that education is important. Therefore, we are very happy that we have recently welcomed 11 young people who have chosen to start their two-year education of becoming a freight forwarder or logistics assistant in FREJA. Having new trainees in our organization also implies that others are fully-educated as freight forwarders. This year, we congratulate 15 freight forwarders, logistics assistants, and finance assistants, and most of them have accepted our offer to continue working for FREJA. We look forward to continuing the journey with them.

Since 2017 FREJA Padborg has participated in a project which strives to get young people to work or get an education. In this newsletter, we have an article about Nana, who has been an intern at the warehouse. You can also read about our investment in 75 new trailers from TIP Trailer Services to Poland and our UK traffic. We are thus expanding the fleet and now have 2800 trailers.

On July 1st, FREJA in Poland opened a new logistics center in Szczecin, which has become our new headquarter for Poland. We offer advanced logistics solutions, and we have daily linehaul trucks to and from Scandinavia.

On 20^th August, the EU has passed a mobility package which will affect the transport sector severely. At the time of writing, we do not know the consequences of the EU mobility package, because the implementation of the new initiatives will last more than three years. We will keep our customers informed through FREJA’s webpage or future newsletters.

In each FREJA newsletter, we bring focus on a customer. In this edition, you have the opportunity to read about Dansu, who, among other things, import masks from China. For several years, Dansu has collaborated with FREJA on road transport and has now chosen FREJA for air freight transports.

I wish you happy reading.

     

We congratulate all the graduates who finished this year.

FREJA’s new modern logistics center in Poland has opened

Szczecin is the new headquarter for Poland and employs around 50 people in different departments such as forwarding, warehousing, cross-docking, accounting, IT, HR, and administration, as well as around 85 drivers who is connected to our trucks. Some functions support all of FREJA Poland, whereas others are local activities.

On July 1^st, FREJA opened a new logistics center in Szczecin. We offer a modern warehouse with 10,000 sqm and parking space for 250 trucks. The new location is our focal point between Poland and Scandinavia on the one hand and Poland and European groupage services on the other hand. We offer complex logistics solutions, including services such as handling, packaging, labeling, storage, and other value-added services that are supported by a modern WMS system.

About the opening of our new logistics center, FREJA’s Chairman of the Board in Poland, Torben Mortensen, says: “As expected, the opening went well, and with the new facilities we have the best prerequisites of delivering value-added services to our customers. We have already integrated the first customers with success, and have room for more activity and would very much like to welcome you to our new logistics center”.

We have a strong focus on the development of E-commerce, and we have experienced large increases in freight volumes over the past two years. For this reason, we have chosen to dedicate employees to handle these tasks, as it requires expertise to handle large volume fluctuations and to be able to guarantee next day delivery. Previously, we only handled the transport flow, but with the new facilities we can handle the entire logistics.

In connection with the expansion of our department in Poland, we have also focused on our trucking division. This year we are expanding the fleet from 68 to 88 trucks. This with both 2-axle and 3-axle trucks to strengthen the FREJA brand and focus on quality, environment, and the right driver conditions. Torben Mortensen elaborates: “We want to ensure that our drivers have the most optimal conditions in the industry. For this reason, we have, among other things, established modern welfare rooms for the drivers, social facilities, and a laundry room of a high standard”.

If you want to learn more about the solutions we offer in Szczecin, please feel free to contact your local FREJAN or Torben Mortensen.

FREJA expands the fleet with 75 new trailers

FREJA has invested in 75 new Schmitz Cargobull Telematik curtain trailers from TIP Trailer Services. Of the 75 new trailers, 50 of them are for FREJA in Poland, and the remaining 25 trailers are for our UK traffic.

Poland has become an important expansion area for FREJA, and on the 1st of July this year, our brand new modern logistics center opened in Szczecin. Regarding the expansion of the fleet, the chairman of the board and founder of FREJA, Jørgen Hansen, says: “FREJA and TIP have had good cooperation in the Nordic region for many years, and after our establishment and expansion in Poland, the need for equipment on Polish plates has grown significantly. TIP could offer that solution, so now we are starting up with 50 new modern trailers for Poland. The remaining 25 trailers are for our UK traffic, where we have seen an increased need for specially secured trailers to prevent theft and other inconveniences.

According to Morten Hakmann, Sales Director for Denmark and Norway at TIP, the long-term collaboration between FREJA and TIP is based on mutual understanding and trust. "For a long time now, we have had a Nordic collaboration both within leasing, but also in our workshops. We are naturally very happy that the collaboration has expanded with Poland”, Morten Hakmann says.

Recently, FREJA was also able to announce the investment in 65 new trailers for the Nordic countries. The new trailers are 8 walking floor trailers, 18 reefers, 17 standard tautliners, 4 swop bodies, and 18 Krone/Liebner trailers with flexible sides and roof.

FREJA has thus, within a short time, expanded the fleet with 140 new trailers, which are both a replacement and expansion of the existing fleet. The trailers got a technological boost so that we can improve the service to our customers, and we look forward to starting using them. The total fleet now counts 2800 trailers in the FREJA group.

FREJA helps Dansu with air freight of protective equipment from China

Since the corona crisis hit Denmark at the beginning of the year, there has been a great demand for goods such as hand sanitizers and masks, as this can help minimize the spread of virus.

The family-owned company, Dansu A/S, has also felt the increase in demand. The company is best known for importing raw cotton, which they process at their location in Ganløse. The cotton is then used to produce swabs and cotton wool, which they deliver to shops, pharmacies, and hospitals. Dansu has produced the cotton swabs that are used in COVID-19 tests. In addition to these products, they also sell CE approved masks in which they have experienced an increasing demand due to COVID-19.

Dansu's suppliers on masks are located in China, and therefore it was necessary to have a logistics partner who could transport the goods home to Denmark. For several years, Dansu has collaborated with FREJA on road transport, and it was only natural to also choose FREJA on air freight.

During the course of August, FREJA has delivered around 1000 packages = 50 pallets of masks to Denmark from China, which corresponds to approximately 2,2 million masks, and many more are on the way. Désirée E. Danechi, Assistant Manager at Dansu, says: “We are so grateful for FREJA and especially Nicolai Christensen's efforts with transporting these masks to Denmark. Everything has been smooth, and you are helping to protect so many people because of your work. Thank you so much!”

When our customers are happy, we are happy, and when we get to contribute to society, it doesn’t get much better. If you have an international transport need, then we have the solution. Contact FREJA’s Sales Director, Franz Andersen, to hear more about how we can help you.

FREJA launches a new campaign that puts focus on the FREJANS

In FREJA, we are working on a project, where we focus on all the people who are in FREJA – the so-called the FREJANS. People know us mostly for our trucks with our "FREJA" logo, but it is all the employees who make the difference and differentiate us from our competitors. Without everyone in FREJA, we would not be the company we are today.

In the last period, we have started the video production of three new corporate films, each of which provides an insight into who FREJA is and what we can do for our customers. The three new films are a brand film, a pharma & healthcare film, and a film where you can get to know the FREJANS better. Each film focuses on something different, but what they have in common is that they have the FREJANS in the center.

The purpose of the brand film and the pharma & healthcare film is to tell what we can do for our customers and what value-creating services we can offer. The purpose of the FREJAN film is to show how we work together and give an insight into our culture and who the FREJANS are in a humoristic way.

To make the films, we have received help from the filmmaker, Morten Bo Johansson, who, among other things, has made films for Bang & Olufsen and Jack & Jones, as well as the talented photographer Philip Ørneborg. Together, the two have been around some of our different locations and gotten to know the FREJANS quite well, so they had the best prerequisites of visualizing the culture in FREJA and who we are.

We look forward to unveiling all the films, but so far, you have to settle for some pictures from the film shooting.

FREJA films - behind the scenes. 

FREJA participates in the project "Unge på Toppen"

Since 2017, when the project started, FREJA in Padborg has been a loyal partner. "Unge på Toppen" is a job project that, in collaboration with Jobcenter Aabenraa and multiple companies, strives to get young people to work or get an education.

This year, FREJA in Padborg had the honor of having Nana as an intern at the warehouse. Warehouse Manager, Teddy Petersen, and his team took Nana under their wings for approximately ten weeks. Nana explored what it is like to go to work, and she has tried tasks such as packing and picking of goods.

“It has been a pleasure to have Nana as an intern here. She got the opportunity to try out different tasks, and she was not afraid to try something new. The team and I wish her all the best of luck”, says Teddy Petersen.

The internship has given Nana a good insight into how a warehouse works, and she has now started working at ISS after a successful time at FREJA.

Project leader, Thomas Schmidt-Sonne, says: "From Unge på Toppen and Jobcenter Aabenraa, we would like to give many thanks to Teddy and the rest of FREJA for a good collaboration - together we help the young people move on with their lives".

FREJA is proud to be part of this project, and we look forward to welcoming more interns in the future.

Facts about the project

In the spring of 2017, the first project in Aabenraa Municipality was completed with great success. The project has over the past four years, proceeded with a success rate of around 70-75%. The project targets young people who, for various reasons, are receiving cash benefits, but who are ready to try something new and push some boundaries. The project extends over an 18-20 week intensive course consisting of three focus areas: diet and exercise, personal development, and company internship.

A total of 108 young people have started up over six projects. 94 of them have completed. The remaining 14 young people have dropped out during the project, primarily because meeting stability is required, but also because there is zero-tolerance for abuse.

Yesterday morning, a FREJA trailer drove with one of the very first express declarations through Svinesund customs. The driver drove right past all the queues and into the express lane at the green light, really pleased that all the goods have been confirmed customs cleared, and all document processing completed.

FREJA is among the four selected pilot companies that have been allowed to test the new customs clearance service - Express clearance. Express clearance is a fully digital and automated border crossing solution that is being tested at Svinesund customs.

«We at FREJA work continuously to make everyday life as simple as possible for our customers and contribute to development and innovation. The project is very exciting and will, in the long run, represent one of the biggest changes in the customs profession in recent times," says Lars Bemer, Manager Customs & IT at FREJA Transport & Logistics AS.

The new service aims to reduce queues at the border and ensure better control of the flow of goods. In addition to this, the new solution offers customers great benefits through the immediate release of the goods upon receipt since you do not have a 10-day rule to comply with. Moreover, it creates greater predictability about the delivery time.

Read more about our customs clearance solutions here.

Contact us if you want further information about Express Clearance or other customs products.

FREJA gets a new Managing Director in Sweden

Niklas Eggert, who since 2018 has been the Managing Director of LEMAN AB, becomes the new Managing Director of FREJA in Sweden.

Niklas has several years of experience in the industry, and he has a good knowledge of FREJA, as he has been in the organization earlier in his career. Group CEO, Ulrik Rasmussen, says: “We have been looking for a new Managing Director in Sweden for a long time. We have carefully considered who it should be, and in the end, we chose Niklas. We are very satisfied with the recruitment, and we are confident that he, together with the rest of our strong organization, can continue the positive development we see for FREJA in Sweden”.

Despite the unusual circumstances that COVID-19 has brought, FREJA has managed to create a positive result during 2020, and the future looks even brighter. Ulrik Rasmussen continues: "We have seen a fantastic turnaround in Sweden over the past six months, and so far we have managed to come out strong through the pandemic".

Niklas will start his new position at FREJA on the 1st of November, 2020. FREJA looks forward to welcoming Niklas Eggert to the organization.

FREJA Transport & Logistics A/S has invested in 65 new trailers to operate in the Nordic countries.

The new trailers are 8 walking floor trailers, 18 reefers, 17 standard taut liners, 4 swop bodies and 18 Krone/Liebner trailers with flexible sides and roof.

The trailers are delivered by Krone Fleet and produced by the Dutch company Knapen, which Krone acquired last year. In total, FREJA operates about 2,700 trailers. The 65 new trailers are both an expansion and a replacement of the existing fleet of trucks.

In FREJA we have chosen to give the new trailers a technological lift by equipping them with Krone’s information system called Telematic. The system collects data which can be integrated into our IT system and thereby improve the service towards our customers.

The golf event Made in Denmark presented by FREJA will take place on the 27^th – 30^th of May 2021. Also in 2021 FREJA will be presenting sponsor. We have already started to look forward to four days of world class golf. Stay updated on Made in Denmark’s webpage [link] and maybe sign up for their newsletter.

Read in Danish

Dear reader.

Since the last issue of our newsletter, one subject has had a strong presence – not only in FREJA but in all society – the world-wide pandemic COVID-19. We have constantly initiated the necessary health-related precautions and adapted to the situation in order to keep FREJA and our customers in business.

One of FREJA’s customers, Radius Distillery, has proven to be particularly adaptable. Normally, they produce liquor, but as the Corona crisis started, Radius Distillery changed their production into producing hand sanitizer. FREJA has the great pleasure of distributing the products.

Last year, FREJA started the construction of a new domicile in Szczecin, Poland. Luckily, the construction has not been affected by the Corona crisis and will be ready to open as planned in June. We look forward to having the opportunity to present the result when we will be allowed to gather a larger group of people.

The past months have also been spent on writing our CSR report for 2019. In FREJA, we have taken on a responsibility to reduce the CO2 emission. Therefore, we constantly work on creating sustainable transport solutions in close cooperation with our customers.

FREJA’s annual report for 2019 has been published recently. We have created a minor increase in turnover compared to 2018, and we present a total group turnover of DKK 3.34 billion.

The above mentioned topics are a selection of the articles which you can read in FREJA’s newsletter. Now, we look forward to a summer where the level of activity hopefully will increase following the Corona crisis. The different countries are slowly opening up again, and I am pleased that we receive inquiries from our customers on a daily basis.

I wish you all a fine summer and hope you enjoy reading the newsletter.

Jan Sunde

Improved result for 2019 - FREJA's annual report gives reason for continued optimism

In FREJA, we have just presented our annual report for 2019 and it shows a total turnover for the group of DKK 3.34 billion. FREJA Denmark’s part of this is DKK 1.7 billion with a minor increase in turnover compared to 2018. In Denmark, we have had a special focus in 2019 on further developing our European groupage system and to offer global logistics solutions. We have carried out a successful integration of Transcargo and obtained positive synergies in the Danish organization. Especially our road traffics, project division, and logistics department have grown in 2019. We have strengthened the organization in sales and marketing, and we are convinced that we have a very solid platform as a basis for further growth.

Through more than 10 years, FREJA has invested massively in the development of our IT tools, and 2019 is no exception. We invest partly to optimize and streamline our own business, but also to become more competitive and to give advantages to our customers in their value chain. The presentation of MyFREJA and not least our associated extra services such as consultancy services have been a success, and we continue to develop our IT-platform. It is still our ambition that the product will give considerable financial advantages to all parties and help lift FREJA’s position in the European transport industry.

2020 has started off well. We had a Q1 that lived up to our expectations, while the outlook for the rest of the year is uncertain because of the COVID-19 pandemic. However, we are optimistic, and we believe to have a business foundation and a team  to carry us through the crisis.

Read the annual report for 2019

From hand-crafted spirits to hand sanitizer - FREJA is agile with Radius Distillery

When the Corona crisis hit Denmark in February, and the country was basically shut down, many companies were put to the test. Several companies had to come up with alternative business models to ensure survival. One of these companies is Radius Distillery, which normally produces hand-crafted spirits at Oremandsgaard Estate in Præstø, Denmark.

To ensure survival, Radius Distillery saw the need to restructure their own business. They decided to expand their product range in a slightly different direction, and they started producing hand sanitizer. In a week, they obtained the necessary permits and changed the equipment they normally use so they could start the production. Not only did the restructuring mean that they could save the company, but it also meant they could help the community.

Kristian Larsen, Co-Founder of Radius Distillery, is pleasantly surprised by the kindness and willingness to help with which they have been met. “When we announced that we were going to produce hand sanitizer, everyone was ready to help right away. Our partners and suppliers prioritized our tasks, so we had everything we needed to get started and thus contribute to the community. Among other things, it is because of them that we were able to change the production within a week”.

For Radius Distillery, it is essential to have a transport partner who is agile just like them. “The collaboration with FREJA has exceeded all our expectations. From the very beginning, they have delivered competitive prices and high-quality service. FREJA has always shown flexibility, and it was no problem when we suddenly had to deliver hand sanitizer to pharmacies, hardware stores, and private companies. We are more than satisfied with our cooperation, and we appreciate that it has always been easy to cooperate with FREJA”, Kristian from Radius Distillery elaborates.

At FREJA, we value strong partnerships with our customers, as we then can help each other grow and develop. Just as FREJA has helped Radius Distillery, they have also helped us. Last year, we chose them when we wanted to produce our very own FREJA gin, and we were very satisfied with the result. So satisfied that all our employees received a FREJA gin for Christmas, for which we have only received positive feedback.

We appreciate our cooperation with Radius Distillery, and we are happy that we can help each other when needed - especially in these times when change readiness has proved to be extra important.

 

 

FREJA can soon offer extended solutions from our brand new logistics center in Poland

The construction of our new logistics center in Szczecin is progressing as planned, and it is almost ready. In May, we completed the IT installations and set up racking systems in the warehouse, and we are currently installing electricity and water supply in the building. We are putting the finishing touches to the offices, and we expect to get the keys to the building in mid-June. We plan to move from the old location around the 21^st of June, and if possible, we hope to have the official opening in September.

We have welcomed three new Business Development Managers to the team - Łukasz Kaczmarek, Przemysław Kulbat, and Remigiusz Gumowski. All of them have several years of experience within this industry, and with their professionalism and competencies, they will contribute to FREJA’s growth and development in Poland. Their role is to provide the best contract logistics opportunities for our customers and help them find the right solutions for their businesses.

Szczecin is an optimal location for logistics activities as it is close to Germany and provides easy access to the rest of Poland. With the new location, we can offer efficient solutions through our strong distribution system, as well as a state-of-the-art logistics center. The new logistics center in Szczecin contains modern warehouses with 20.000 pallet spaces, and with space for 250 trucks, this location is the focal point to and from Scandinavia and the Continent. There is plenty of room for our customers’ goods, and we offer services such as handling, packaging, labeling, storage, and other value-added services that are supported by a modern WMS system.

In addition to the Szczecin location, we have offices in Łódź, Błonie, Gdynia, and Tczew, so we can help ease your flow of goods via Poland. With the new facility, FREJA in Poland will be one of the largest logistics operators in the country and a valuable partner for your company.

In Poland, we will continue to offer the reliable, dedicated, and flexible solutions that we are known for, and you can expect to receive the same high-quality service that we always strive to provide. We are excited to expand our services, and we look forward to welcoming you to our new logistics center.

Click on the pictures of our logistics center to see them in full size.

For questions regarding your opportunities with FREJA in Poland, please contact your local FREJAN or our Managing Director in Poland, Tomasz Cegielski.

FREJA presents CSR report for 2019, which is based on the UN's SDGs

We are proud to present our CSR report for 2019. We have previously sent out a CSR report for 2017 and 2018, and this marks the third report.

At FREJA, we take responsibility. By issuing a CSR report annually, we strive to increase transparency across all stages of the supply chain so that our customers and partners have the best prerequisites for running a sustainable business.

CSR, or Corporate Social Responsibility, is one of the strategic areas we focus on. As a transport and logistics company, we are well aware that our activities affect the environment, and we do our best to minimize our impact. We are actively working on creating innovative solutions and optimizing our work processes to be more eco-friendly. However, CSR is not just about the environment and climate, it is also about the responsibility we have for society and our employees. In FREJA, we make a virtue of cultivating both the internal and external community. We provide good working conditions for all our employees, and we support the local community.

Our efforts and values ​​are reflected in 8 of UN's 17 Sustainable Development Goals, also referred to as the SDGs. The CSR report for 2019 is based on the 8 SDGs that we at FREJA focus on, as they help give a good overview of our actions in these areas. We have chosen to work with the SDGs as they provide a good framework for guidance and inspiration. The SDGs that we focus on are:

• 3. Health and well-being
• 4. Quality education
• 5. Gender equality
• 8. Decent jobs and economic growth
• 9. Industry, innovation, and infrastructure
• 12. Responsible consumption and production
• 16. Peace, justice, and strong institutions
• 17. Partnerships for the goals

We hope that we can inspire other companies to make sustainable choices and that we can introduce even more sustainable initiatives in 2020.

To learn more about our approach to CSR, you are always welcome to contact QES Manager, Eric Clausen.

Read the CSR report for 2019

COVID-19 – a special situation, which requires special precautions

Naturally, COVID-19 and the worldwide pandemic has had an influence on FREJA during the past three months. It is a very exceptional situation, which has spread rapidly throughout the world with large consequences for humanity and the world economy. In FREJA, we have experienced a relatively large cutback in activities on certain markets, while we have seen increased activities in other segments. We have continuously adapted to the situation, and to the farthest extent possible, a group of employees have worked from home, in order for us to limit the presence in the offices as much as possible. On the other hand, our terminal and warehouse staff have met for work facing huge changes in the daily work such as working in smaller teams with proper distance between each team, modified working hours, and other precautions. It has been a time with a new kind of team spirit, we have imposed on the flexibility of all employees, and we have also discovered other means of communication and ways to meet.

All FREJA countries have been affected by the situation. As we all know, it started in China, and FREJA’s employees began to work from home in the beginning of February. Many companies in China are now back to normal, and all means of transportation operate close to normal again. If we may assist you with transport assignments to/from the Far East, the team in our project department is ready to take your call.

Coronavirus has not disappeared from the society, and we continue to take our precautions and act responsibly with respect to everybody’s health. We clean, we use sanitizer, we keep our distance, and we show consideration for one another.

But we are also very ready to look to the future. Our physical surroundings, as well as our organization and employees, are ready to handle the wide range of inquiries which we receive from our customers.

Employee welfare and environmental-friendly initiatives continue to be in focus for FREJA

FREJA is pleased to present our CSR report for 2019. In this report, we present the actions we have taken to improve our environmental impact and ensure employee welfare.

“In 2019, we reached our goal of recycling a minimum of 60% of the waste in Norway, and we completed the implementation of ISO 14001 in Finland as well. At 10,3% in 2019, we expect that our Swedish branches in 2020 will reach our group goal of a maximum of 10% when it comes to driving empty km”, Eric Clausen, QES Manager in FREJA explains.

To continue the journey for a better understanding of how our efforts support the environment and climate, we have structured the 2019 CSR report according to UN’s Sustainable Development Goals (SDGs) as was the case in 2018. The SDGs provide a good framework for guidance and inspiration to areas on which companies and society can improve.

[caption id="attachment_14282" align="alignnone" width="800"] Our focus is on SDG 3, 4, 5, 8, 9, 12, 16, and 17.[/caption]

We must take responsibility

As one of the largest transport and logistics companies in the Nordic countries, we have a responsibility towards the environment when it comes to preserving and taking care of our planet. The transport industry is number two when it comes to CO2 emissions per year, only followed by the energy industry, and this is something that we are working hard to change for the better. Our company and our employees have an important role in society as we need to make sure the supply chains are running continuously, but we are well aware that our core business has a negative impact on the environment. For this reason, we feel obliged to come up with sustainable solutions that benefit both our customers and the environment.

Innovation and CSR goes hand in hand

We believe that we need to think innovatively to improve. Innovation has always been a part of our work and core values, and recently we decided to increase our focus on innovation in FREJA. In 2018, we established whiteboard meetings, and our innovation concept, Operations Driven Innovation, is being implemented in the organization. Innovation has become an integrated part of our work, and we strive to find innovative solutions in everything we do – whether it is creating innovative value propositions for customers or working with open innovation by teaming up with partners to reduce our CO2 footprint. Not only is innovation the focus point for SDG 9 that concerns industry, innovation, and infrastructure, we also consider it the basis for the rest of the SDGs we work with.

“I am proud of FREJA’s work with the SDGs. We have to keep improving, so we can continue to deliver new results and reach the goals we have set. Everyone in FREJA works hard to find new innovative ways to be more sustainable than we already are, and I am grateful for the effort all the FREJANS put in every day to become more environmental-friendly”, says Ulrik Rasmussen, Group CEO.

Read the CSR report 2019

 

People Business, modern technology and a solid platform are still keywords for ambitious FREJA

The transport & logistics group FREJA Transport & Logistics Holding A/S raises the result for 2019. Once again, the subsidiaries in Norway and Finland are the ones to deliver results above market level. Again in 2019 the Swedish subsidiary disappoints, even though the trend for the last six months was on the rise. 2019 was “year two” after the acquisition of Transcargo. The Danish part of Transcargo is 100 % implemented and merged into the Danish FREJA, and the result in the Danish subsidiary meets the expectations for 2019. In 2020 focus is still on the integration and construction of the Polish subsidiary. The trucking part operates as an independent company and FREJA invests in an expansion and upgrade of the fleet into environmental friendly units. The new ultramodern transport HUB on a 75,000 m2 site in Szczecin will be ready in the beginning of June 2020, and the implementation of FREJA’s it-platform has progressed as planned, so FREJA has good reason to believe in continued growth and is optimistic.

The FREJA Group continues stabile development and is profitable in 2019
FREJA Transport & Logistics Holding A/S has a growth in turnover from 2018 to 2019 of 7.1 %. The total turnover in 2019 amounts to DKK 3.34 billion.

EBIT amounts to DKK 73.1 mill in 2019 compared to DKK 51.4 mill in 2018. The result before tax amounts to DKK 53.7 mill in 2019 compared to 38.1 mill in 2018. The result in 2018 was influenced negatively by the integration of Transcargo, and 2019 has been influenced negatively by costs for restructuring of the Swedish subsidiary.

Group equity has increased from DKK 285.5 mill in 2018 to DKK 294.2 mill in 2019. As a consequence of the transition to IFRS 16, the solvency ratio drops from 29.6 % to 18.4 % the end of 2019.

We have seen a stable and good development in Denmark, China, Norway and Finland.

Sweden did not live up to the expectations for 2019, and many efforts have been made, especially in 2HY by our dedicated Swedish organization with support from Group Management. These efforts have resulted in substantial improvements. Q1 2020 has shown a positive trend and budgets have been met, however the Swedish subsidiary still estimates a minor deficit for 2020 and the parent company has added the necessary strengthening of the capital.

The newly acquired subsidiary in Poland has shown an excellent development. In the beginning of 2020 Tomasz Cegielski started as new country manager and the potential for continued growth is significant.

In spite of massive investments in new technologies, transport is still a People Business
For more than 10 years, FREJA has invested massively in the development of our it-platform, and 2019 is no exception. We invest partly to optimize our own business, partly to become more competitive, but also to give our customers advantages in the value chain. The launch of MyFREJA - and particularly the associated, extra services such as consultancy services - have been a success and we continue to develop our it-platform to benefit our customers. It is still our ambition that the product will provide significant, financial advantages to all parties involved and thereby help increase FREJA’s position in the European transport business.

“Our focus is to continue to develop long-term relations with customers as well as suppliers. In spite of our large focus on efficiency improvements, we are also aware that people are still the most important resource in the cooperation – transport is a People Business. The key-words for us in a cooperation are transparency, trust and credibility. We have always managed our business on the basis of strong values. We work on a daily basis to make a difference for our customers and make sure that together we will become a little bit better every day”, says Jørgen Hansen founder of and Chairman of the Board in the FREJA Group.

Readiness, humility and continued ambitions set the agenda in the always ambitious FREJA Group
“A reasonable annual result for 2019, and we are both ready and have the ambition to show that we can do better in future. In 2019 it has been the consolidation and continuous integration of Transcargo which has had our focus. In 2020 it will be especially our new positioning on the Polish market together with the reconstruction of the Swedish market, which will have our largest focus – however it will not influence our development in China, Norway, Finland and Denmark”, says Group CEO Ulrik Rasmussen.

COVID-19
Naturally, COVID-19 has an influence on our everyday life at the moment, and on some markets we have seen a relatively large cutback of activities. However, these are partly compensated for on other markets and segments, where we have seen increased activities.

However, we are convinced that our business model and qualified organization is ready to continue to develop FREJA in a positive direction – also during this extraordinary situation – so FREJA will stand stronger when we have overcome the crisis.

“The development of Q1 2020 shows that we are on the right track. We have a solid platform and we are ready to reap the benefits of the past years’ massive investments. And should there be further consolidation possibilities, we are also ready to take a look at that,” Jørgen Hansen concludes.

For further information please contact Group CEO Ulrik Rasmussen or Chairman of the Board Jørgen Hansen.

Link annual report 2019

03-06-20

In China the situation is practically back to normal and we operate according to standard procedures.

 

06-05-2020

All business activities are back on track in China. Operation on all transport modes are up and running. There is still on-going capacity pressure for airfreight going out of China. There will be some blank sailings from container carriers from Far East into Europe therefore some capacity challenges may be expected during May and June. Therefore, early planning would be recommended.

 

26-02-2020

All of our colleagues are now back in the office, and production and operation activities are almost back to normal.

 

20-02-2020

All of our colleagues are still working from home. If the situation continues to improve, our colleagues expect to be in the office from next week. Production and operation activities are slowly getting back to normal again.

 

07-02-2020

Our colleagues in China are currently working from home according to government requirements. They will continue to work from home in week 7, and until the 17^th of February, 2020. We will make sure to update you if there are any changes regarding this.

Many factories are closed and are expecting to be up and running again on the 17^th of February. At the moment, the shipping capacity is low on all modes of transport.

We are following the situation closely, and we recommend you to keep in touch with your local contact person in China for updates about the situation.