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    en_GB

    The most visible part of international transport is freight that moves around the world, and in FREJA, we are experts when it comes to international transport.

    FREJA’s worldwide transport solutions have been captured in several coloring pictures suitable for both kids and adults, so the whole family can get together and get acquainted with all the possibilities of international transport.

    The images include transport-related objects such as a truck, an airplane, and a ship, and they all have fun details hidden. We encourage you to try and see if you can find them all.

    We would love to see your work, so please feel free to share your coloring pictures on social media and tag us in it.

    Let's color the world together!

    To get started, just click on the photos you want to download and print them out so you have enough copies for the whole family.

    Logistics solutions for a world in motion

     

    Christmas

    Easter

    FREJA's coloring images are free to download and distribute under a Creative Commons license.

    Creative Commons -lisenssi
    FREJA Coloring image, created by FREJA Transport & Logistics Oy, is licensed under a Creative Commons Attribution-NonCommercial-Share Alike 4.0 International License.

    en_GB

    We at FREJA look forward with anticipation to our new logistics and terminal property, which is now really taking shape and which is the basis for our expansion in Jönköping. The project has come a long way and occupancy is planned for spring 2024. There are favorable conditions here for efficient handling of goods and warehousing, as well as further transport to all Nordic and European countries with local last-mile services.

    Get in touch with us to find out more and see what solutions we can offer your business when we get started in the new premises.

    Sales.sweden@freja.com

    Niklas Blomgren
    Key Account Manager Sweden
    +46 36 18 13 51
    +46 70 182 50 19
    nbl@freja.com

    Niclas Andersson
    Head of Logistics Sweden & Branch Manager
    +46 36 18 13 60
    +46 76 308 89 60
    nia@freja.com


    en_GB

    Greetings from Jan Sunde

    Dear reader

    It is our pleasure to present FREJA Denmark’s newsletter for the third quarter of 2019.

    In this newsletter we give you a presentation of the new vertical lifts, which have been installed in our division in Aarhus, we also inform you about the new legislation related to serialization and how FREJA may assist you in that matter. Furthermore, we present how FREJA grows with our customer Keflico and in a video with two of our trainees, we give you an insight into the trainee program in FREJA. The two trainees, Rasmus and Morten, share their experience and tell about their work.

    Please enjoy your reading.

    Best regards
    Jan Sunde
    Managing Director

     

    FREJA develops with our customers

    Since 1953 Keflico has serviced and advised professionals regarding wood-based products and solutions. A part of Keflico’s vision is to create the best customer experience in their industry as well as setting new standards and developing new knowledge and services together with their partners.

    Keflico chooses its transportation and freight partners based on this vision. Keflico is a versatile company, that has a constant focus on their customers’ needs. For this reason, Keflico has high demands for its carriers.

    The goal for Keflico is to choose carriers who can join them on their growth journey. They expect a high level of service, flexibility, and proactivity on the existing markets, as well as in potential new markets. That FREJA can offer serious transport solutions in all of Europe and worldwide, has been a great factor in the choice of FREJA.

    For Keflico the market and demands are in constant movement, so an important part of the collaboration between the two parties is dialogue. To have a close relationship with FREJA and good communication ensures that Keflico can be ahead of the game and focus on their core competencies.

    “It is the good story about how FREJA started by doing a couple of shipments for us to prove their quality. The experience with FREJA was good and lived up to their own, as well as Keflico’s expectations. FREJA certainly lives up to our wish of having a flexible and trustworthy partner. This has resulted in a close relationship where we, month after month, grow and develop together” says Jan Lykke Hansen, Supply Chain Manager at Keflico.

    The collaboration between Keflico and FREJA is based on a strong partnership with a common interest in creating growth and development for both parties.

    If you wish to hear more about FREJA’s products and services, please contact our Sales Director Denmark, Franz Andersen, on +45 9670 5030 or fas@freja.com.

     

    FREJA gets new vertical lifts in Denmark

    At FREJA Skanderborg, we have chosen a simple, efficient and space saving solution for storage and picking.

    Our customer, Deichmann Sko ApS, for whom we run a web shop in Denmark and Sweden, has ambitious growth plans for the future development in these markets. Late summer 2018, we could either chose to do more of the same and put up more shelving for manual picks – or think innovative. We chose to do the latter.

    After thorough dialogue with several providers, the choice was made for a total of 10 x 9-meter-high, LOGIMAT® lifts with space for many shoes. As in many, many shoes. We are ready for two digit growth rates and with the right IT integration also follows increased efficiency.

    With the 10 lifts we can now store and pick the same number of shoes on only 350 m2 instead of the original 1.000 m2 in use at the time – without thought for the planned growth. Furthermore, we could terminate an external lease and gather all warehousing activities on one location.

    We are in constant development with our customers and the needs they challenge us with. Do not hesitate to contact us to discuss your needs for warehousing or logistical solutions.

     

    Trainee at FREJA

    FREJA has a comprehensive trainee program which means that each year in August we welcome a new group of trainees. The trainee period is two years and we offer trainee positions in transports, logistics and accounting. In FREJA we find it important to educate young people and thereby create our own supply of competent teammates. During the two years in FREJA, the trainee will work in various divisions and have a wide insight into the relevant part of the business.

    Dann Petersen started as a trainee in August 2018 in our UK/Ireland division. About his first year in FREJA Dann says: “I have learnt a lot during my first year, not only all the administrative work related to planning a trip to and from England, but also experienced the work from a drivers’ point of view. I have been so lucky to join one of our drivers on a tour to Great Britain, to see how everything is connected from a larger perspective. Furthermore, I had the opportunity to meet our partners and put a face on the people with whom I have the daily contact.

    As a part of his training, Dann has transferred to another division on September 1st. He is now in our customs division and says in that connection: “From the customs division I expect to obtain a clear understanding of the customs clearance system. I think it will be especially interesting in connection with Brexit and my qualifications from my work at the UK/Ireland department might become an advantage.

    In general I find that the education as a transport planner fits me perfectly. It is great that the training program is based on learning in practice so you really can “get your hands dirty”. At the same time we learn a lot at the school and they give us many tools to use in our daily work. FREJA’s values suit me just fine, since they are based on quality, honesty and credibility. These are characteristics which are important at as well the personal as the professional level.”

     

    If you are interested in learning more about FREJA’s trainee program and job opportunities, please contact HR Partner Tina Thorup at +45 9670 5283 or ttj@freja.com .

     

    FREJA ensures traceability in your supply chain

    What is serialization?

    Serialization, also called verification, simply means that since 9th February 2019 most prescription drugs and certain non-prescription drugs must be equipped with an individual bar code as well as a seal, enabling you to easily spot if the package has been opened. The purpose of the new system is to improve patient safety by an inspection of the authenticity of each individual packaging and to avoid that fake pharmaceutical products will find their way to the consumer.

    What does the new EU directive about serialization mean?

    The EU directive requires that all prescription drugs, which are included in the directive, and that are produced after 9th February 2019, must be packed in sealed packages with a package specific – or individual – bar code, a so called 2D data matrix bar code and the anti-tampering device.

    The new system has resulted in the creation of a pan European verification system. In order to handle this task, the relevant European trade associations and partners established a non-profit organization in February 2015 – The European Medicines Verification Organisation (EMVO) – to administrate and control the system in all of Europe. In Denmark we have established a national system for handling the data, and The Danish Medicines Verification Organisation (DMVO) is responsible for the administration and management of this according to the requirements of the EU directive.

    As a manufacturer, what do you have to be aware of?

    As a manufacturer you are required to upload your data to the European database. Via the central database, information is forwarded to the national databases. Before the prescription drug is handed out to a consumer at a pharmacy or hospital, a safety check will take place, a so called verification of the product, in the European database via the national database by a scan of the 2D barcode at the pharmacy or hospital. If the data is not found in the database, the package may not be handed out.

    How may FREJA assist your business in this process?

    FREJA offers to perform the transactions required to verify the products, which are delivered to FREJA’s GDP warehouse from a manufacturer, as well as for returned products and an export, so that legislation is respected. FREJA works to support the safety of pharmaceuticals in the market and to make sure that the products, which reach consumers, are not falsifications, and in that way we help to create transparency in the supply chain.

     

    For more information about serialization or on how FREJA can be of service, please feel free to contact FREJA’s Group Healthcare Logistics Director, Marina Steensen, at +45 9670 5422 or msn@freja.com.


    en_GB

    Read in Danish

    Summer is just around the corner, and we can now welcome you to FREJA's second newsletter of 2023. Here, we would like to share with you what is happening in our part of the transportation and logistics world.

    The annual financial report for 2022/23 has just been published, and SDK FREJA, which includes a number of companies including FREJA, delivers a record-strong financial performance. The company can report a revenue of DKK 6.6 billion, an EBIT of DKK 331 million – an increase of 25% compared to the previous year and an EBT of DKK 287 million. The impressive result is, among other things, due to our skilled and loyal employees who continuously work with the customer in focus.

    FREJA continues its green efforts with the development of more eco-friendly transports and collaborates with our customer, B. Braun, using biofuel HVO100 on a fixed daily route between Copenhagen and Oslo.

    FREJA's digital solutions are starting to play a more significant role, and we are pleased to expand our digital portfolio and provide more value-creating solutions for our customers. In this newsletter, you can read more about how FREJA has assisted the company FLEXA in digitizing their logistics activities.

    SDK FREJA participated in the Breakbulk exhibition in Rotterdam at the beginning of June, where we engaged in exciting discussions with industry professionals and could showcase our solutions and capabilities in project transportation. It was a rewarding event that we look forward to participating in again next year.

    Road taxes are being introduced in the EU countries, so we ask you to be prepared for regulations in Q4 2023/Q1 2024 to a greater extent than usual. Among other things, Germany will double the road tax from December 1, 2023.

    I thank you for your interest in FREJA's newsletter and wish you a wonderful summer.

    Best regards,

    Jan Sunde

    SDK FREJA delivers record financial performance despite challenging market conditions

    SDK FREJA reports a remarkable financial result following a year characterised by challenging market conditions. The company can report a revenue of DKK 6.6 billion, an EBIT of DKK 331 million - an increase of 25% compared to the previous year and an EBT of DKK 287 million.

    The financial year 2022/23 was marked by SDK FREJA’s ability to adapt and stay customer focused in a market dominated by volatile energy prices, rising inflation and interest rates, and challenges in relation to freight and storage capacity.

    In recent years, SDK FREJA has been through a major expansion of its business portfolio. Today, the company consists of three business areas: Shipping, Logistics, and Environment & Recycling.

    “Each of our three business areas have impressively demonstrated adaptability and strong competitiveness in an unpredictable market. Our employees have once again proven their strong capabilities and flexibility and have further ensured that we can continue to offer customers the best solutions and services,” says Søren Gran Hansen, CEO at SDK FREJA.

    Throughout the year, the Group has continued to strengthen the organisation and business platform by investing in IT and digitalisation among other initiatives, which has contributed to strengthening SDK FREJA’s position in the market.

    "We are proud to deliver our best result in shipping to date. It has been a year of high activity throughout all of our segments in Agency and Stevedoring, which has required an extraordinary effort from our valuable employees,” says Lars Jespersen, CEO at SDK Shipping.

    Ulrik Rasmussen, CEO at FREJA Transport & Logistics Holding adds:

    "We have effectively carried out our strategy, which will make it easy and seamless to be a customer to FREJA and where we will always go above and beyond for our customers. It has paid off, and we are very pleased to be able to deliver a record performance this year. However, the primary reason for our record result can be attributed to our valuable employees, who have been exceptional in navigating an unpredictable market."

    Acquisitions remain a high priority
    SDK FREJA is preparing for new times. Rising interest rates and inflation have led to less construction work and a lowering in private consumption, which has already resulted in some reduction in freight volumes. Therefore, SDK FREJA expects a normalisation of the shipping and logistics market as the world economy will grow more subdued. However, SDK FREJA still has high ambitions within M&A.

    "Organic growth as well as growth through mergers and acquisitions remain strategically important to us. M&A can generate value through agile geographical expansion, achieving economies of scale, new products, and core competencies. It is therefore a cornerstone in the development of SDK FREJA to continue to be aggressive on the acquisition front and be on the lookout for new opportunities ahead," says CEO Søren Gran Hansen.

    The ongoing dedication and desire to conduct acquisitions leads to the company to proceed in evaluating potential acquisition candidates. The proactive acquisition strategy for SDK FREJA is part of an overall strategy that can be traced back to the company's ownership, the family-owned A/S United Shipping and Trading Company (USTC).

    Focus on CO2 emissions in Scope 2
    In connection with the publication of the annual results, SDK FREJA will also publish its consolidated sustainability report.

    "In SDK FREJA, we have determinedly worked to reduce our Scope 2 emissions figures during this year. Among other initiatives, we have invested in improving terminals and office buildings over the past year with the aim of reducing the consumption of electricity and heating," says CEO Søren Gran Hansen.

    SDK FREJA has seen a significant reduction in the consumption of energy and heating and at several of SDK FREJA's sites, there is a reduction in energy consumption by more than 50%. This is a result of upgrading both the infrastructure and technology at its largest sites e.g., by installing BMS (Building Management Systems). For SDK FREJA's largest terminals, the result is a reduction of carbon emissions by 25% compared to the last reporting period 2021/2022.

    SDK FREJA’s financial highlights
    DKKm 2022/23 2021/22 2020/21
    Revenue 6,600 6,000 2,630
    EBIT before special items 331 265 97
    Operating margin % 8.9% 8.3% 8.5%
    Total Equity 917 785 542
    Conversion ratio % 22.5% 20.4% 15.4%
    Employees 1,515 1,350 1,247

    For further information, please contact:
    Mikkel Wenzel Andreasen,
    Communications Officer, USTC Group Communications.

    M +45 26 79 91 63
    e-mail: miwa@ustc.dk

    About SDK FREJA
    SDK FREJA Group is a full-service shipping and logistics company. The main activities of SDK FREJA include freight forwarding within Road, Air & Sea, and Project Cargo, Logistics, as well as Stevedoring, Agency, Customs Clearing, Commercial Chartering, Liner and Cruise services and as Environment & Recycling business. The company offers specialist logistics solutions within Healthcare, Warehousing and Refrigeration and is locally based in Northern Europe including strategic positions in China and Spain.

    SDK FREJA is one of the few independent and privately owned local mid-sized shipping and logistics companies. With +1,500 employees in eight countries the focus is on providing one entry point for a consistent and effective solution within the business areas.

    SDK Freja Group is part of the Danish, family-owned United Shipping & Trading Company (USTC). USTC holds a portfolio of activities that include oil & energy, shipping & logistics, ship owning, risk management, car activities, IT, sustainable energy and environment & recycling, and is present in 40 countries with more than 4,300 employees.

    FREJA and B. Braun drive with biofuel HVO100 trucks on the route between Copenhagen and Oslo

    Many companies wish to be more environmentally friendly in all parts of their supply chain. One of those companies is B. Braun, one of the world's leading providers and manufacturers of healthcare solutions. In collaboration with FREJA, they have come a step closer to doing more environmentally friendly transport.

    B. Braun has been a customer of FREJA since 2017, and over the years, the collaboration has only grown stronger. We have continuously optimized our collaboration and processes in logistics, and we listen to B. Braun's needs and try to comply with them. B. Braun has a big focus on sustainability and environmentally friendly solutions. For this reason, FREJA uses recycled packaging for B. Braun, and most recently, we have supported them in their ambition to become greener in their transport.

    "When B. Braun explained to us their wish for greener transports, we listened and investigated the possibilities. Due to the lack of infrastructure for charging electric trucks and the general low charging capacity of electric trucks at present, we found that the best solution is trucks that run on biofuel HVO100", says Morten Bruun-Kristensen, Logistics & Healthcare Director, FREJA Transport & Logistics A/S.

    HVO – Hydrotreated Vegetable Oil – is produced from waste products, e.g., used cooking oil, and can provide up to 90% reduction in CO2e compared to conventional B7 diesel. Biofuel HVO100 is therefore considered to be climate neutral in the combustion phase. However, the emissions from processing biodegradable products into fuel cannot be completely reduced, but they are limited.

    FREJA and B. Braun started the collaboration with biofuel HVO100 trucks approx. three months ago on a fixed daily route from Copenhagen to Oslo with three trucks running in circulation.

    "We value FREJA as a transport and logistics partner, and we value the good relationship and the close cooperation we have established over the years. It is important to us that our partner listens to us and meets our wishes, which is why we were particularly happy when FREJA was able to fulfill our wish for more climate-friendly transport", says Freddy Wilhelm Hansen, Head of Supply Chain and Business Support Scandinavia.

    FREJA is always interested in developing with our customers, and we are always looking for partners willing to invest in environmentally friendly solutions. If you share this interest, please feel free to contact us.

    – – – – – – –

    Facts about biofuel

    Biofuel HVO100 is categorized as second-generation biofuel, as it is made from waste products from vegetable cooking oils. Through a chemical process with hydrogen, it is turned into a product that has the same qualities as ordinary diesel oil. Biofuel HVO100 can be used directly in new diesel engines without compromising engine performance or affecting service intervals, and at the same time can be combined with regular diesel in any mixture ratio, making it the only real sustainable alternative for today's trucks in international traffic.

    Digitize your logistics activities with FREJA's IT solutions

    Over the years, FREJA has delivered comprehensive logistics solutions to customers. We have continuously kept up to date on modern IT tools and incorporated them into our logistics solutions. We listen to our customers' needs and develop together with them, so we are sure that we always deliver the most value-creating solutions.

    One of the areas under logistics that we have expanded is our white-label solutions. A white-label product is a product or service produced by a company that other companies buy and re-brand or re-label so that it looks like they made it themselves.

    "At FREJA, we have a strong focus on choosing systems and tools that directly support our customers' business. When we choose to offer white label solutions, it is because we want to let our customers succeed via our digital and professional platform", explains Thomas Mikkelsen, FREJA's Head of Logistics IT. He continues: "We collect a lot of data throughout the entire logistics process, which digitally and presentably gives our customers a competitive advantage in the battle for their customers".

    Logistics Tracking Hub
    Our Logistics Tracking Hub service is a solution that allows our logistics customers to track the various orders/shipments, regardless of whether they are sent with FREJA or a subcontractor for FREJA.

    This is offered as a white-label solution because you, as a FREJA logistics customer, also have the opportunity to put your logo and brand on the tracking solution, so it looks like it was made by your company. When your customers receive a tracking link, the tracking function appears with your logo and colors.

    The tracking page increases the customer experience digitally, as your customers are not sent to the carrier's website but can instead track their goods via your page. It also provides the opportunity for resale and thus increased sales, as it is possible to have a banner that links back to your webshop or company page.

    A customer who uses FREJA's tracking hub is the Danish company FLEXA. FLEXA is a high-end manufacturer of children's furniture, and they are a fully integrated logistics customer at FREJA.

    "At FLEXA, we use FREJA's digital tracking platform as a 3PL logistics customer. FREJA has tailored this into a FLEXA-branded version. We share the platform with our customers, who can benefit greatly from seeing the entire tracking process from the time picking starts, and the label is printed at FREJA's logistics center, until the goods are delivered. For us, it is essential that all transports are on the same platform and that our customers only have one link to see the entire process regardless of the delivery service. It is also a big plus that FREJA offers photo documentation of the shipment available directly to our end customers", says Anette Sørensen, Logistics Manager at FLEXA.

    If you want to know more about our digital logistics solutions, please feel free to reach out to FREJA's Thomas Mikkelsen.

    SDK FREJA participated in Breakbulk Europe 2023

    SDK FREJA made an impression at Breakbulk Europe 2023, which took place at the Rotterdam Exhibition Center.

    The event turned out to be a great success, allowing us to showcase our advanced solutions and engage in interesting discussions with recognized industry professionals.

    Our booth attracted a constant flow of visitors, and we would like to express our gratitude to all those who took the time to interact with our representatives. It was a pleasure to meet each and every one of you.

    The event provided participants with a greater understanding of the solutions offered by SDK FREJA. At the same time, participants gained insights into how SDK FREJA is helping to propel the project transportation industry into a new era of efficiency and reliability.

    Breakbulk Europe 2023 not only served as a platform to showcase our capabilities but also strengthened our reputation as a trusted partner in the project transportation sector. Our commitment to project transportation was highlighted during this event as we demonstrated our solutions for handling the unique challenges of transporting oversized and heavy cargo.

    We value your continued support and trust in SDK FREJA. We are dedicated to serving you and ensuring that your project transportation needs are met.

    If you have any questions or require further information about our solutions, please do not hesitate to contact our team.

    We are always ready to assist you.


    en_GB

    To all customers of FREJA Transport & Logistics, regarding increased congestion on European terminals.

    We would like to inform you that with increasing congestion on European port terminals and overall dwell times continuing to rise, more terminals are attempting to address long-stay container issues through a variety of measures. These include moving containers to separate storage areas and/or imposing additional one-time or daily charges for laden long-stay boxes.

    While we are negotiating charge acceptance with our Shipping Lines, please be aware that if we are forced to accept any charges, we, unfortunately, must charge this back to you as our customer. Because many of the charges are of an emergency nature, they may be issued on short notice.

    For further questions please refer to your local FREJA office/representative, where we can inform you of any changes that may occur on your shipment.

    Best Regards

    FREJA Transport & Logistics


    en_GB

    The tragic development in Ukraine will affect the transport business

    Many foreign trucks are operated by drivers from third countries including drivers from Ukraine.

    After the Ukrainian government has convened all personnel of the reserve aged 18 to 60 years to join the military services immediately, we see that many drivers return home to Ukraine.

    We expect this to have an influence on the operation in a market already lacking capacity.

    We hope for your understanding of this situation which is outside FREJA’s control. We encourage you to stay in close contact with your usual contact person in FREJA regarding the development.

     


    en_GB

    SDK FREJA has navigated a year marked by uncertainty and volatility in the shipping and logistics markets,
    delivering revenue of DKK 6.3 billion in 2024/25. This resulted in an EBIT of DKK 241.5 million.

    SDK FREJA concludes its 2024/25 financial year with a robust performance across the Group.
    This result reflects the company’s adaptability in markets that, like in previous years, have
    been marked by uncertainty and external factors.

    Geopolitical tensions and macroeconomic headwinds have led to declining demand for
    shipping and logistics in most of the SDK FREJA Group’s key markets. Nevertheless, SDK
    FREJA Group managed in 2024/25 to increase volume and activities in both the Shipping and
    Logistics divisions.

    ”Our strong results are driven by a clear strategic direction, consistent customer focus, a
    strong ability to adapt as an organisation, and the dedication and market insight of our
    employees. This fosters close collaboration with customers and partners, which has
    strengthened our position as a trusted partner in both shipping and logistics,” says Group CEO
    of SDK FREJA, Søren Gran Hansen.

    Exceeds own expectations
    Revenue for 2024/25 grew by more than 6% compared to the previous financial year and
    surpassed the expectations set at its outset. Likewise, the realised EBIT of DKK 241.5 million
    exceeded initial expectations.

    ”It is very positive that both our Shipping and Logistics divisions have delivered higher revenue
    than in 2023/24 and above our expectations. Likewise, EBIT in both divisions has also
    exceeded our expectations. The overall activity level in Shipping and Logistics has increased,
    which is satisfactory considering the weak macroeconomic conditions in most of our key
    markets and the high pressure on prices,” says SDK FREJA’s Group CEO.

    According to the Søren Gran Hansen, the company's ability to outperform its own
    expectations and defy the trend in the SDK FREJA's key markets is due to its dedicated
    employees, strong customer relationships, and a willingness to invest in new developments.

    ”Our customers and employees remain at the heart of everything we do, and we continue to
    build on our long-term relationships and tailored solutions. We are continuing to invest in
    automation and AI to enhance our efficiency and respond more proactively to changing
    market dynamics and customer demands,” says Søren Gran Hansen.

    Momentum in core activities
    Following a challenging 2024/25, both the Shipping and Logistics divisions view the results as
    a clear testament to the strength of sustained focus on core activities, customised solutions,
    and close collaborations between the business activities.

    ”We have maintained our focus on getting even closer to our customers and collaborating to
    find tailored solutions across our activities. At the same time, our Shipping division has
    successfully sustained strong momentum in our core business and attracted new, promising
    opportunities,” the CEO for Shipping Division, Lars Jespersen, notes, with Ulrik Rasmussen,
    CEO for Logistics Division adding:

    ”In our Logistics division, we see this year’s result as a clear confirmation of our continued
    focus on delivering reliable and value-adding solutions to our customers. We have
    strengthened our full-service logistics offering and increased collaboration across segments.
    Everything we do is aimed at creating real value and making logistics simple and seamless for
    our customers,” says Ulrik Rasmussen.

    Fact box:

    About SDK FREJA:
    SDK FREJA Group is a full-service logistics and shipping company and one of the few
    independent and privately owned local mid-sized logistics and shipping companies. With
    +1,400 employees in eight countries the focus is on providing one entry point for a consistent
    and effective solution within the business areas.

    SDK FREJA Group is part of the Danish, family-owned United Shipping & Trading Company
    (USTC). USTC holds a portfolio of activities that include oil & energy, shipping & logistics, ship
    owning, risk management, car activities, IT and sustainable energy, and is represented in 38
    countries with over 160 offices and more than 4,500 employees.

    For additional information or to set up an interview, please contact:

    MADS INGEMANN JØRGENSEN
    Communications Consultant
    Group Communications
    Mobil +45 2779 6787
    press@ustc.dk


    en_GB

    PRESS RELEASE

    The acquisition of IRT Logistics brings new colleagues and a strengthened business area for groupage transport between Sweden and the UK to the fast-growing Danish logistics company SDK FREJA.

    To strengthen the competencies of road transport of groupage between Sweden and the UK, the Danish company SDK FREJA has invested in the Gothenburg-based niche logistics company IRT Logistics.

    “IRT Logistics has been on our radar for a long time, and now the time was right for us to enter into an agreement. It is an acquisition that will strengthen our business considerably on groupage transports between Sweden and the UK. At the same time, both existing and new customers will experience that the new customer-facing IT solutions that a company of SDK FREJA's caliber brings to IRT Logistics, will strengthen the services they demand”, says Søren Skive, EVP in FREJA Transport & Logistics AB.

    Founder of IRT Logistics, Björn Steenstrup, is also pleased to know that his life's work will continue under SDK FREJA.

    “For a long time, we have considered FREJA a qualified partner to run our company with the right visions, and now it was time. This year, we were able to celebrate our 20th anniversary, and it seemed an appropriate time to pass on the torch to someone who shares our values ​​and who can and will further develop the company that we have built”, says Björn Steenstrup.

    IRT Logistics itself has been on a growth journey with a 65 percent increase in the annual result over the past five years, and it is acquired with an expected annual turnover of SEK 45 million. All nine employees in IRT Logistics will continue under the new ownership.

    The growth journey continues in 2022

    The acquisition of Swedish IRT Logistics is the third acquisition under FREJA Transport & Logistics in 2021, and it is the latest addition to SDK FREJA's growth journey. Since the two logistics companies merged in December 2020, the journey has included a partial acquisition of the Danish company Nordic Waste and three acquisitions of logistics companies throughout the Nordic region: Finnish TL Trans, Norwegian Thoresen Transport, and now Swedish IRT Logistics.

    It is this acquisition approach that will ensure continued growth towards SDK FREJA's goal of a total turnover in 2025 of DKK 8-10 billion.

    “We expect an increasing need in the market for one-stop-shop logistics services. By always being on the lookout for new partners and companies that can supplement and improve our services, we are well on our way to being the obvious choice”, says Ulrik Rasmussen, Group CEO of FREJA Transport & Logistics Holding A/S, and elaborates:

    “The most important thing in our acquisition strategy, however, will always be that we can find common ground between potential companies and ourselves in both values ​​and business. Logistics is a people business, and it is best built on trust and understanding. A motto that governs everything we do in our business”.

    SDK FREJA is part of the Danish family-owned group United Shipping and Trading Company, USTC. An international conglomerate with a wide range of companies in areas such as logistics, shipping, bunker, IT, and alternative energy.

    The transaction price will not be disclosed.

    For more information, please contact:

    Björn Steenstrup, owner/CEO, IRT Logistics AB

    E-mail: bjorn@irtab.se or phone: 0046 – 73 531 3181

    Søren Skive, EVP, FREJA Transport & Logistics AB

    E-mail: ssk@freja.com or phone: 0045 – 6025 4600

    Read the full press release here


    en_GB

    PRESS RELEASE


    SDK FREJA delivers record financial performance despite challenging market conditions.

    SDK FREJA reports a remarkable financial result following a year characterised by challenging market conditions. The company can report a revenue of DKK 6.6 billion, an EBIT of DKK 331 million - an increase of 25% compared to the previous year and an EBT of DKK 287 million.

    The financial year 2022/23 was marked by SDK FREJA’s ability to adapt and stay customer focused in a market dominated by volatile energy prices, rising inflation and interest rates, and challenges in relation to freight and storage capacity.

    In recent years, SDK FREJA has been through a major expansion of its business portfolio. Today, the company consists of three business areas: Shipping, Logistics, and Environment & Recycling.

    “Each of our three business areas have impressively demonstrated adaptability and strong competitiveness in an unpredictable market. Our employees have once again proven their strong capabilities and flexibility and have further ensured that we can continue to offer customers the best solutions and services,” says Søren Gran Hansen, CEO at SDK FREJA.

    Throughout the year, the Group has continued to strengthen the organisation and business platform by investing in IT and digitalisation among other initiatives, which has contributed to strengthening SDK FREJA’s position in the market.

    "We are proud to deliver our best result in shipping to date. It has been a year of high activity throughout all of our segments in Agency and Stevedoring, which has required an extraordinary effort from our valuable employees,” says Lars Jespersen, CEO at SDK Shipping.

     

    Ulrik Rasmussen, CEO at FREJA Transport & Logistics Holding adds:

    "We have effectively carried out our strategy, which will make it easy and seamless to be a customer to FREJA and where we will always go above and beyond for our customers. It has paid off, and we are very pleased to be able to deliver a record performance this year. However, the primary reason for our record result can be attributed to our valuable employees, who have been exceptional in navigating an unpredictable market."

    Acquisitions remain a high priority

    SDK FREJA is preparing for new times. Rising interest rates and inflation have led to less construction work and a lowering in private consumption, which has already resulted in some reduction in freight volumes. Therefore, SDK FREJA expects a normalisation of the shipping and logistics market as the world economy will grow more subdued. However, SDK FREJA still has high ambitions within M&A.

    "Organic growth as well as growth through mergers and acquisitions remain strategically important to us. M&A can generate value through agile geographical expansion, achieving economies of scale, new products, and core competencies. It is therefore a cornerstone in the development of SDK FREJA to continue to be aggressive on the acquisition front and be on the lookout for new opportunities ahead," says CEO Søren Gran Hansen.

    The ongoing dedication and desire to conduct acquisitions leads to the company to proceed in evaluating potential acquisition candidates. The proactive acquisition strategy for SDK FREJA is part of an overall strategy that can be traced back to the company's ownership, the family-owned A/S United Shipping and Trading Company (USTC).

     

    Focus on CO2 emissions in Scope 2
    In connection with the publication of the annual results, SDK FREJA will also publish its consolidated sustainability report.

    "In SDK FREJA, we have determinedly worked to reduce our Scope 2 emissions figures during this year. Among other initiatives, we have invested in improving terminals and office buildings over the past year with the aim of reducing the consumption of electricity and heating," says CEO Søren Gran Hansen.

    SDK FREJA has seen a significant reduction in the consumption of energy and heating and at several of SDK FREJA's sites, there is a reduction in energy consumption by more than 50%. This is a result of upgrading both the infrastructure and technology at its largest sites e.g., by installing BMS (Building Management Systems). For SDK FREJA's largest terminals, the result is a reduction of carbon emissions by 25% compared to the last reporting period 2021/2022.

    SDK FREJA’s financial highlights
    DKKm 2022/23 2021/22 2020/21
    Revenue 6,600 6,000 2,630
    EBIT before special items 331 265 97
    Operating margin % 8.9% 8.3% 8.5%
    Total Equity 917 785 542
    Conversion ratio % 22.5% 20.4% 15.4%
    Employees 1,515 1,350 1,247

    For further information, please contact:

    Mikkel Wenzel Andreasen,
    Communications Officer, USTC Group Communications.

    M +45 26 79 91 63
    e-mail: miwa@ustc.dk

     

    About SDK FREJA
    SDK FREJA Group is a full-service shipping and logistics company. The main activities of SDK FREJA include freight forwarding within Road, Air & Sea, and Project Cargo, Logistics, as well as Stevedoring, Agency, Customs Clearing, Commercial Chartering, Liner and Cruise services and as Environment & Recycling business. The company offers specialist logistics solutions within Healthcare, Warehousing and Refrigeration and is locally based in Northern Europe including strategic positions in China and Spain.

    SDK FREJA is one of the few independent and privately owned local mid-sized shipping and logistics companies. With +1,500 employees in eight countries the focus is on providing one entry point for a consistent and effective solution within the business areas.

    SDK Freja Group is part of the Danish, family-owned United Shipping & Trading Company (USTC). USTC holds a portfolio of activities that include oil & energy, shipping & logistics, ship owning, risk management, car activities, IT, sustainable energy and environment & recycling, and is present in 40 countries with more than 4,300 employees.