As it looks for buyers, Scan Global Logistics delivers solid Q1

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13/05/2022

While at the end of last month Denmark’s Scan Global Logistics (SGL) confirmed that its shareholders had “engaged Barclays Bank to explore strategic alternatives for the company, including a potential sale”, this week the 3PL reported solid numbers for the first three months of 2022 (Q1 2022). It also upped Ebitda guidance for the year.

Highlights:

– “For SGL Group, the Q1 2022 revenue was DKK 4,344m versus DKK 1,654m in Q1 2021; an increase of 163%, primarily driven by a strong increase in activity ...