Business, Forwarding, Freight News, Logistics

DKR65 million loss but Leman still smiling

[ July 1, 2024   //   Chris Lewis ]

Danish transport and logistics company Leman says its 2023 annual results show a loss of DKR 65 million but says this corresponds to its investment during the year. The latter includes new offices in new countries, more than DKR50 million in new storage facilities in Taulov and a double-digit million amount in IT systems.

Group chief financial officer, Michael Schrøder, said it had been: “A challenging year for the entire industry, but it has also been a year in which we have consciously chosen to invest massively and expand our presence. This can be seen, among other things, in our new offices in Mexico, Vietnam and Iceland and the takeover of the Swiss forwarding company Nauta, which means that we now also have six offices in Switzerland.

“However, we must also be honest and recognize that we have underperformed especially in the US and in the UK, but we are in the process of correcting that.”

Tags: Leman