Investor Presentaiton
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Financial & Performance Highlights | Logistics
Quarter Financials (in USD thousands)
Logistics Margins
aramex
delivery unlimited
Q4 2022
Q4 2023 Change
Excl FX
FY 2022
FY 2023
Change
Excl FX
Revenue
31,441
30,184
(4%)
0%
Revenue
122,477
116,791
(5%)
2%
Total Direct Cost
26,349
24,430
(7%)
Total Direct Cost
103,682
99,016
(5%)
Gross Profit
5,093
5,754
13%
22%
Gross Profit
18,795
17,776
(5%)
7%
GP%
16%
19%
GP%
15%
15%
EBIT
1,168
4,638
297%
EBIT
EBIT%
4%
15%
EBIT%
2,491
2%
4,757
91%
4%
EBITDA
EBITDA%
7,185
23%
10,897
36%
52%
EBITDA
EBITDA%
26,467
22%
29,465
11%
25%
Resilient performance for the Logistics product: Revenue was impacted by foreign exchange translation. Excluding FX, Revenue was stable in Q4 2023 and increased 2% for the
full year period. Sequentially, Q4 2023 saw an increase in sales (and margins) compared to Q3 2023, driven by new client wins.
Aramex continued to focus on enhancing operational efficiencies and maintained a disciplined approach to cost management. For the full year 2023, Gross Profit declined in line
with Revenue and the margin was maintained at a healthy 15%.
Q4 2023 Gross Profit increased 13% YoY and the margin improved to 19%. It is worth noting that Logistics benefitted from a one-off settlement which added a further boost to
the profitability of this product during Q4 2023.
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