Agility’s good financial results in 3Q 2016
Photo: Agility
Agility, global integrated logistics and forwarding provider has announced its financial results for the third quarter of 2016. The company reported a net profit of USD 50 million, which is an increase of 11 per cent compared to the third quarter 2015. EBITDA stood at ca. USD 95 million, 19 per cent more than in the same period last year. Agility’s revenues in the third quarter amounted USD 1.02 billion.
– We have now been seeing continuous underlying increase in the profitability of the business – said Tarek Sultan, Agility’s CEO. – This is driven by steady progress in turning around our Global Integrated Logistics business, as well as by continued financial performance and growth in our Infrastructure group of companies.
– We continue to make gains in the face of a challenging business context: from sluggish economic and trade growth in key regions to political uncertainty in others. I attribute Agility’s gains to sharper strategic focus and ongoing commitment to financial discipline, even as we invest in the markets, products, and technologies that will transform our business and help us continue to lead in the future – he explained.
In the third quarter 2016 the revenues of Agility GIL (Global Integrated Logistics) stood at over USD 750 million. In the last three months, GIL continued to see growth in demand for contract logistics in emerging markets, as well as strong performance in ocean freight, both in terms of volume and yield, whereas in air freight the business grew considerably in terms of volume with a tougher yield compared to the 3rd quarter prior year, resulting in flat net revenue.
GIL’s road map remains consistent. First, continue to drive commercial improvement through a tradelane management approach and focus on high growth markets and industries. Second, continue transforming the underlying business through ongoing technology, process and management improvements. Third, maintain financial discipline and a lean and agile structure that is in-line with business needs.
Agility’s Infrastructure companies (logistics-related services including: bulk fuel storage and transport, industrial real estate; airport and ground handling services; and commercial real estate and facilities management) contributed ca. USD 282 million to third quarter 2016 revenues.
The Group has reported a healthy growth and its companies are making progress in new customer acquisition and geographic expansion. Agility opened its first logistics distribution park in Ghana this quarter, the first of a series of planned distribution parks connecting African countries to each other and to the world. Tristar, Agility’s fuel logistics business, won a three-year, USD165 million contract to support the United Nations. Agility’s subsidiary NAS, the fastest growing ground-handling and aviation services company in emerging markets, won a 10-year concession to operate lounges in 9 airports in Morocco.
– In the third quarter we maintained a very high rate of development. In all segments of provided services – air, sea and road forwarding – we reported a double-digit growth – said Karolina Gasińska-Byczkowska, Branch Manager Agility Logistics in Poland.
– We are continuing to increase the customer portfolio, including both global and local accounts. We are also consequently reinforcing our sales activities – she added.
Agility Logistics Sp. z o.o. has been active in Poland since 2008. The company operates two branches: in Warsaw and Wroclaw. The Warsaw branch focuses on the air and sea freight while the Wroclaw office deals with road freight and logistics services. Agility offers global strategy of LCL shipment transport and attractive solutions for the FCL shipments.
rel (Agility), GL
