Herning Shipping
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Herning Shipping - overview
Established
1936
Location
Herning, -, Denmark
Primary Industry
Logistics & Distribution
About
Herning Shipping specializes in maritime logistics, providing efficient shipping and transportation solutions tailored for various cargo types, primarily serving businesses in Europe and North America. Founded in 1936 in Herning, Denmark, Herning Shipping is dedicated to offering logistics and shipping solutions for the maritime industry. The company was acquired by Triton in June 2011. It has consistently focused on developing its services to meet the evolving needs of its clients.
Herning Shipping specializes in providing comprehensive logistics and shipping solutions tailored for the maritime industry. The company’s core offerings include freight forwarding, warehousing, and supply chain management services, designed to optimize the transportation process for various cargo types. Their services are particularly beneficial for businesses looking to streamline their shipping operations, reduce transit times, and enhance overall efficiency. Herning Shipping’s client base primarily consists of companies involved in manufacturing, retail, and international trade, serving end users across Europe and North America.
The firm’s solutions have been developed over the years to address the evolving needs of the logistics sector, ensuring that clients receive timely and cost-effective shipping services. Herning Shipping generates revenue through a structured transaction model that includes B2B partnerships and direct service agreements with clients. In 2023, the company's revenue was USD 136. 52 mn, with an EBITDA of USD 83.
35 mn. The pricing plans are typically based on the volume and weight of the cargo, as well as the specific logistics services utilized. Herning Shipping plans to expand its offerings with new logistics solutions tailored for emerging markets by 2025. The company aims to penetrate the South American market, enhancing its service capabilities.
The capital raised during the latest funding round will support these strategic initiatives, focusing on technology integration and market research to better serve its clients.
Primary Industry
Logistics & Distribution
Sub Industries
Logistics & Distribution
Website
www.herning-shipping.dk
Company Stage
Buyout
Total Amount Raised
Subscriber access only
Herning Shipping - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 168,783,236 | 190,174,622 | 168,126,211 | 157,557,306 | 132,495,692 | 103,231,564 | 91,170,106 | 92,715,000 | 90,590,000 | 88,496,000 | 86,976,000 | - | - | - |
| % Revenue Growth (YoY) | - | 12.7% | (11.6%) | (6.3%) | (15.9%) | (22.1%) | (11.7%) | 1.7% | (2.3%) | (2.3%) | (1.7%) | - | - | - |
| EBITDA (USD) | (12,565,168) | 6,573,250 | 3,898,598 | 7,601,402 | 4,819,296 | 4,945,166 | (929,411) | (3,770,000) | 3,172,000 | 4,634,000 | 8,496,000 | - | - | - |
| Operating Income (USD) | (32,145,020) | (23,734,640) | (9,381,176) | (5,628,527) | (15,324,058) | (10,666,440) | (70,317,427) | (67,237,000) | 257,000 | 135,000 | 3,082,000 | - | - | - |
| Operating Margin | (19.0%) | (12.5%) | (5.6%) | (3.6%) | (11.6%) | (10.3%) | (77.1%) | (72.5%) | 0.3% | 0.2% | 3.5% | - | - | - |
| % EBITDA Margin | (7.4%) | 3.5% | 2.3% | 4.8% | 3.6% | 4.8% | (1.0%) | (4.1%) | 3.5% | 5.2% | 9.8% | - | - | - |
| NET Income (USD) | (28,554,898) | (30,543,918) | (22,019,381) | (17,204,768) | 20,648,452 | (14,548,339) | (77,421,000) | (74,006,000) | 143,097,000 | (2,500,000) | 677,000 | - | - | - |
| % Net Margin | (16.9%) | (16.1%) | (13.1%) | (10.9%) | 15.6% | (14.1%) | (84.9%) | (79.8%) | 158.0% | (2.8%) | 0.8% | - | - | - |
Herning Shipping - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Nordic Tankers Trading A/S | - | ||||||||
| Add-on | Completed | Nordic Tankers Trading A/S | - | ||||||||
| Buyout | Completed | Herning Shipping | - |
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