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Aramex International LLC

News Detail

Press release News vom 27.04.2014

Aramex Announces record profit growth in the First Quarter of 2014
  • Net Profits increased 14% to AED 78.7 million vs Q1 2013
  • Revenues increased to AED 852 million vs Q1 2013
  • Strong momentum from 2013 continues
  • Considerable opportunities in Aramex’s core markets

Dubai, UAE; April 27, 2014: Aramex (DFM: ARMX), the leading global logistics and transportation solutions provider, today announced its financial results for the first quarter of 2014, recording a robust start to the year. Aramex’s Net Profits increased 14% to AED 78.7 million, up from AED 69.3 million in Q1 2013. Revenues in the first quarter of 2014 increased to AED 852 million, up 6% compared to AED 803 million in Q1 2013.

The performance was driven by substantial growth in Aramex’s key geographies in the Middle East, sub-Saharan Africa and Asia and across its core businesses in express, logistics and freight.

Commenting on the results, Hussein Hachem, Aramex CEO said: “We have started the year strongly. The first quarter of the year has built on our record performance in 2013, giving us a solid platform for the first half of the year. International express in particular achieved excellent growth, driven by increasing demand and revenues from regional and global e-commerce.”

“Despite recent concerns over growth prospects in emerging markets, our continued focus on delivering against strategy has enabled us to achieve record profits once again,” added Hachem. “We will continue to aggressively invest in our core markets. We will be actively pursuing acquisitions in sub-Saharan Africa and Asia, expand our oil and gas services in North and East Africa and will continue to build on our e-commerce proposition through the remainder of 2014. Given the healthy business growth and significant market opportunities, we remain bullish on our prospects through the rest of the year.

 
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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 more PR information, please contact:

Public Relations Team; Weber Shandwick MENA; Tel: +971 4 445 4222; Email: AHedra@webershandwick.com

OR

Adeti Changulani, Aramex International Team, Tel: +971 600 544 000, E-mail: adeti.changulani@aramex.com