Aramex reports AED 2.97 billion in H1 2022 revenue
• Increased activity in Industrials, Retail, Pharmaceuticals, and SMEs are contributing positively to the Freight-Forwarding and Logistics business
• Normalization in e-Commerce activity combined with the current macroeconomic pressures are leading to volume declines in the Courier business in line with the industry
• Sustained gross profit margins at a Group level driven by strong growth in FreightForwarding and Logistics business and operational efficiencies in Courier business
• Robust balance sheet, conservative leverage, and strong cash position underpin expansion and upcoming M&A activity, including the recently announced MyUS acquisition
• Continuous investment in digital and tech infrastructure to unlock operational efficiencies
Press release regarding financial results for the first half of 2022