Stable growth at LEMAN

After another year of high-level activity and successful mergers in both UK and Finland, the LEMAN Group delivers a positive result of DKK 32.2 million in 2018.


LEMAN has just published the annual report for 2018 and with a turnover of DKK 2.44 billion against 2.16 billion the year before, LEMAN has achieved a revenue growth of 12.8% compared to 2017. The Group delivers a profit before tax of DKK 32.2 million against DKK 45.0 million the year before. The result reflects a year of major IT investments, non-recurring costs, continuing capacity challenges in the European road freight market, and a weakened Swedish currency, which has lowered the profitability. Considering this, management describes the result for the year as satisfactory.

”We are pleased to deliver a revenue growth of 12.8%,” says Thomas Krøyer, CEO of LEMAN Group and elaborates: ”This confirms that our ambitious growth strategy is on track. And despite continuing capacity shortage combined with a volatile sea freight market, we present a stable growth and a positive operating profit.”


During 2018, LEMAN has continued to invest in IT and the digitization process, in line with the company’s strategy. These investments have already resulted in a more integrated IT platform, which is an important step towards a more efficient and digital everyday life for customers and employees.

In the UK, the headquarters of Maru and LEMAN UK were merged into a new major location in Normanton. The relocation went as planned and has already created synergi effects. In Norway, the logistics activities have been consolidated in a new, state-of-the-art logistics warehouse in Vestby, and in Finland LEMAN has acquired 100% of the shares in FIN Logistics as of 1 June 2018. The related non-recurring costs has been incorporated in the 2018 result.

“We will continue to focus on a profitable and sustainable development through investments and organic growth in orden to strengthen the diversification and the solid foundation,” says CEO Thomas Krøyer and continues: “We expect the market to remain volatile and competitive, however we are cautiously optimistic about earnings and revenue, which are expected to be above 2018 level.”

Daglig leder SKconsult. Redaktør

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