First Annual Report presented

Blue Logistics Group A/S presents first annual report

Since its inception in January 2024 and up until the financial reporting, Blue Logistics Group A/S has realized the expected revenue level of DKK 1.0 billion and an EBITDA of DKK 30 million.

The company currently operates activities within road transport, sea and air freight, warehouse logistics, container transport and associated services – and serves customers on an international level with local roots.

Partnership and freedom as a growth engine

Blue Logistics Group’s basic idea is based on a two-part DNA:

• Partnership that ensures local roots, co-ownership and strong customer focus
• Freedom, which allows each company in the Group to adapt to the local needs of customers without central restriction

According to the founders, the DNA has been crucial for the development in the first financial year.

“Our business model with co-ownership through partnerships and their freedom to manage it is clearly gaining traction in the industry – both among the most talented freight forwarders who have an independent business in their belly – but also among companies that are facing a generational change or want to be part of something bigger. We offer a clear journey, defined exit options and the freedom to influence your own situation and future success. Our DNA is clear – and it is also in everyday life!” says Karsten Mathiesen, one of the two founders behind the company.

First financial year – a good beginning

During the period, Blue Logistics Group has established itself with 21 companies integrated into the group at the time of the financial reporting. The number of companies reflects the internal growth strategy with – a new company every 6 weeks, either through acquisition or start-up.

The dialogue with players in the industry is driven by the interest in our partnership approach, which is used both nationally and internationally – “both companies that want to join the journey and some of the most talented in the industry get the opportunity to go independent without being demotivated by large overhead costs, management and restrictions from a head office – this creates momentum, so that our mailbox from interested partners is never empty” – says CEO Mikkel Fruergaard – and continues “we offer them security around everyday circumstances that play a major role in a smaller set up – and are difficult to handle in a smaller company, including cybersecurity, liquidity needs, larger tenders from international customers and a daily life with changing requirements from the EU, Boards and authorities. We take the hassle – they run the business”

A unique key figure – indicator of the company’s development

Blue Logistics Group navigates with an unconventional financial ratio as an expression of the development of the company. “Our growth towards the planned stock exchange listing in 2030 will be expected to be of such a magnitude that the revenue in the annual accounts does not reflect reality, but a more balanced version of our level – and we would like to reflect the development more concretely with this ratio,” says CFO Mikkel Berg and continues, “It is a ratio that shows the snapshot and the year-on-year development more realistically than just an annual account that reports on the 12 months that have already passed – it reflects our reality to a much greater extent, now that our acquisition pace is and will be at this expected level.”

The Key figure is:

(turnover in the last month of the financial year – namely June)

“June revenue x 12”.

At the end of the financial year as of June 30, 2025, this key figure amounted to

DKK 1.056 million.*

(* = Since this is the company’s first financial year, there will only be a relevant basis for comparison when the next financial reporting is presented)

The future – the journey continues

Blue Logistics Group continues its journey through acquisitions and organic growth/start-ups, always with partners on board and based on the right people rather than geographical strategic plans. “We would rather open a strong and solid company with the most capable local partners in a smaller market than just focus on market developments globally. The industry is so fragmented that it will never be a challenge to enter a given market the day it makes strategic sense – but for now, it is crucial to continue the development with the best human skills on board.” says COO Nicklas Eggert and continues, “Our journey so far shows that it will bring us to the relevant markets to a large extent. We just have to follow our customers and their needs and we have to serve them with the best products via the best colleagues. As of today, it has brought us our own companies in 7 different countries, 21 companies and on 3 different continents. Within a few months, another handful of companies will come on board, with several new countries also being incorporated with their own companies. That is our formula – and we will continue to follow it.”