In Thousands of AED (unless otherwise stated)
|
Q2 2021
|
Q2 2020
|
% change (YoY)
|
H1 2021
|
H1 2020
|
% change (YoY)
|
Revenue
|
1,570,923
|
1,293,776
|
21%
|
2,995,856
|
2,445,420
|
23%
|
Operating Profit (“EBIT")
|
99,551
|
126,721
|
(21%)
|
179,007
|
226,229
|
(21%)
|
Operating Profit Margin
|
6.3%
|
9.8%
|
(3.5%)
|
6.0%
|
9.3%
|
(3.3%)
|
EBITDA Margin
|
12.3%
|
16.2%
|
(3.9%)
|
12.1%
|
16.0%
|
(3.9%)
|
Net Profit
|
65,466
|
94,378
|
(31%)
|
111,479
|
161,796
|
(31%)
|
Shipment Volumes
In Thousands (number of shipments)
|
Q2 2021
|
Q2 2020
|
% change (YoY)
|
H1 2021
|
H1 2020
|
% change (YoY)
|
Express
|
32,746
|
28,681
|
14%
|
63,941
|
53,797
|
19%
|
International Express*
|
6,893
|
5,710
|
21%
|
12,987
|
11,133
|
17%
|
Domestic e-commerce – Core Markets
|
7,061
|
7,313
|
(3%)
|
13,387
|
11,932
|
12%
|
Dubai, UAE – Thursday, 5th August 2021: Aramex (DFM: ARMX) a leading global provider of comprehensive logistics and transportation solutions, today announced its financial results for the second quarter (“Q2”) and first half (“H1”) ending 30 June 2021.
Innovation and technology remain a key strategic area of focus for our business. Over the course of the year, we invested in upgrading our consumer facing and back-end systems to increase efficiency from first to last mile while ensuring we give our customers visibility and timely updates on shipment progress. We are also supporting the SME sector in more ways, enabling them to play a crucial role in economic growth and diversification.
I am also very proud of the outstanding work all our employees have produced and thank them for successfully steering the company through the last 18 challenging months.”
Thomas Kipp, Chief Operating Officer at Aramex, said: “We continued to handle a growing number of shipments with an impressive growth momentum over the last three months from cross-border e-commerce. This a strong testament of the benefit of our global operations and network and our ability to continue securing capacity amidst constrained cargo space, especially air cargo. While the disconnect between cargo supply and demand have pushed line haul rates higher, with no visibility as to when those rates may abate, our role is to continue to find innovative and cost-efficient ways to overcome those pandemic-induced challenges and to optimize our operations. On the last mile, our on the ground operations have never been bigger and busier. We have been investing in growing our warehouse operations, fleet size and number of couriers in our core markets, especially in Saudi Arabia to service the growing demand for our last mile services.”
Q2 2021 & H1 2021 Business Performance Highlights:
International Express (including Shop & Ship):
Our strategy for the Express business is simple: we want to get closer to our customers and expedite delivery times by further expanding our last mile infrastructure and locations. We also want to improve our service levels and reliability by continuing to invest in game-changing technologies that will use data to improve predictions, automate scheduling, and optimize routes while improving customer interface and communication channels. For our B2B business, we will continue to strengthen our position in strategic verticals, to enable us to capture greater market share.”