On August 28, Danish freight forwarder Scan Global Logistics (SGL) released its unaudited results for the second quarter and first half of 2026. Specifically, in Q2 2026, SGL generated revenue of €710 million, up 14.1% year-on-year; gross profit of €140 million, up 0.7% year-on-year; EBIT of €27 million, down 6.9% year-on-year; and a net loss of €9 million. The conversion rate (EBIT as a percentage of gross profit) for Q2 was 18.8%.

In Q2 2026, SGL's sea freight volume reached approximately 199,262 TEU, up 17% year-on-year; air freight volume reached approximately 60,683 tonnes, up 17% year-on-year.

In the first half of 2026, SGL generated revenue of €1.30 billion, up 2.9% year-on-year; gross profit of €270 million, down 1.1% year-on-year; EBIT of €42 million, down 17.6% year-on-year; and a net loss of €24 million. The conversion rate for H1 was 15.4%.

In H1 2026, SGL's sea freight volume reached approximately 374,932 TEU, up 14% year-on-year; air freight volume reached approximately 115,223 tonnes, up 14% year-on-year.

SGL's Global CEO and Co-founder Allan Melgaard commented: "Organic growth in air and sea freight was strong, clearly ahead of the market average. Although the market remains challenging, SGL is seeing signs of stabilisation in certain regions and segments. We remain focused on converting strong volume growth into higher profitability and value creation through active margin management, quoting discipline, and continuous cost control."

He added: "The second quarter confirmed a market characterised by geopolitical uncertainty, intense competition, and sustained margin pressure. At the same time, SGL achieved robust organic growth in both air and sea freight, confirming solid underlying demand and continued commercial momentum."

Looking ahead to the second half of 2026, SGL stated that freight market dynamics are expected to gradually normalise from the turbulence and geopolitical uncertainty seen in the first half, with no major market recovery anticipated, while air and sea freight volumes are expected to continue positive growth.

SGL maintains its full-year 2026 guidance for EBITDA before special items in the range of €215 million to €235 million.

Notably, according to ShippingChina's follow-up coverage, in the latest 2026 Global Freight Forwarders (Sea Freight) Top 50 ranking, SGL moved up to 22nd place with 691,000 TEU in volume, while its air freight business moved up to 24th place with 212,000 tonnes in volume.