AI assistant
ARAMEX PJSC — Earnings Release 2012
Feb 4, 2013
66347_rns_2013-02-04_609b6253-20d5-4f22-9635-df9301108dd8.pdf
Earnings Release
Open in viewerOpens in your device viewer
==> picture [210 x 66] intentionally omitted <==
Press Release
Aramex reports 21% growth in revenues for 2012
-
Quarterly revenues reach AED 814 million, up 20%,
-
Quarterly net profits reach AED 65.7 million, up 15%,
-
Full-year net profit reaches AED 244.1 million, up 15%
-
Total revenue for 2012 increases to AED 3,105 million, up 21%
-
Plans to roll-out e-commerce solutions to key markets globally in 2013
Dubai, UAE; February 3[rd] , 2013: Aramex (DFM: ARMX), the global logistics and transportation solutions provider, today announced its financial results for the fourth quarter of 2012, as well as its consolidated financial results for the 12-month period ending December 31, 2012.
The company’s revenues in the fourth quarter of 2012 increased to AED 814 million, up 20% compared to AED 681 million in the corresponding period of 2011, and the net profits rose to AED 65.7 million, up from AED 57.2 million in the fourth quarter of 2011, representing an increase of 15%.
For the 12 months ending December 31, 2012, Aramex reported full-year net profits of AED 244.1 million, an increase of 15% compared to AED 211.5 million in 2011. During the same period, the company’s revenues reached AED 3,105 million, up 21% compared to AED 2,571 million in the previous year.
“We are very happy with our financial results for this quarter and for the overall performance of the company in 2012, which clearly demonstrates continued solid performance in key markets with strong growth in revenues and net profits, in-line with our expectations. Our operations in core markets, especially in the Gulf Cooperation Council (GCC) countries and South East Asia, remain robust while our operations in Africa continue to show promising growth, in particular after the acquisition of Berco Express in South Africa in December 2011,” said Hussein Hachem, Aramex’s Chief Executive Officer.
In 2012, the company invested significantly in enhancing last mile solutions, with significant upgrades to the existing logistics infrastructure in key markets and the launch of a number of new logistics facilities, to serve the growing e-commerce industry. This reflected directly on the company’s International and Domestic express products which recorded double-digit growth, in both, revenues and volume and are expected to grow even more in light of the tremendous opportunities in the years ahead and the company’s position as a leading provider of e-business solutions connecting suppliers and end customers.
The significant infrastructure upgrade also reflected positively on the company’s operations in the Oil and Gas sector, which recorded healthy growth with an increasing contribution to the overall performance, following the introduction of new service solutions in the Gulf Cooperation Council (GCC) and the Levant regions in 2011.
1
Outlook for 2013
Commenting on the outlook for the year 2013, Hachem stressed that while he is confident of the company’s potential for growth, a cautious outlook for 2013 needs to be maintained due to the continued instability in the Middle East & North Africa, and the uncertainties clouding the global economic outlook.
Long Term Outlook
On the future outlook for the company in the coming years, Hachem stated that “Looking beyond this year, we believe that Aramex’s future growth will be shaped by our focused approach on capitalizing on two key global trends. First is the increasing significance of business to consumer (B2C) activity driven by the evolution of the e-commerce industry and the untapped potential for e-business in emerging markets. The second trend is linking emerging markets in Asia with the Middle East and Sub-Saharan Africa; considering the increasing significance of south-south trade, which accounts for a substantial percentage of global trade.”
He added that “We will continue our strategic expansion plans in key growth markets which currently provide excellent opportunities for sustainable growth, and we will be looking at opportunities for acquisitions and joint ventures in our key target regions of Africa, Central Asia, and Asia.”
- End -
About Aramex:
Aramex (DFM: ARMX) is a leading provider of comprehensive logistics and transportation solutions. Established in 1982 as an express operator, the company rapidly evolved into a global brand recognized for its customized services and innovative multi-product offering. Traded on the NASDAQ from 1997 to 2002, Aramex today is a publicly traded company on the Dubai Financial Market, employing more than 13,900 people in 354 locations across 60 countries and leads a strong alliance network providing global presence, and bringing together 40 independent express companies from around the world. The range of services offered by Aramex includes integrated logistics solutions, international and domestic express delivery, freight forwarding, secure records and information management solutions, and e-services, including e-business solutions and Shop and Ship. For more information, please visit us at www.aramex.com. Follow us on Twitter: @aramex.
For further information, please contact:
Ashraf Zeitoon Aramex International Dubai, United Arab Emirates Tel: +971 600 544 000 E-mail: [email protected]
2