Investor Presentaiton
Financial & Performance Highlights | Domestic Express Financials
Quarter and Full Year Financials (in USD thousands)
GP Margin
aramex
delivery unlimited
Q4 2022 Q4 2023 Change
Change
Excl FX
24% 25%
24%
25
21%
22%
20%
Revenue
30
25%
102,850
98,493
(4%)
(1%)
20
22%
Total Direct Cost
76,823
77,136
0%
15
20
10
Gross Profit
26,028
21,357
(18%)
(19%)
10
5
GP%
25%
22%
0
0
Q3
Q4
2022
Q1 Q2
2022 2023 2023 2023
Q3
Q4
2023
FY 2022
FY 2023
Change
FY 2022
FY 2023
Change
Excl FX
Revenue
407,527
388,651
(5%)
2%
Total Direct Cost
Gross Profit
306,702
100,825
GP%
25%
303,473
85,178
22%
(1%)
(16%)
(8%)
Q4 2023 Revenue declined 4% YoY and Revenue for the full year 2023 declined 5% YoY mainly due to due to FX impacts. Excluding the currency impact, Revenue decline was 1% for
the Q4 2023 period, and for the full year period Revenue grew 2%.
We have adjusted the reporting parameters of the domestic express product, in line with the other products. Upon removing FX effects, the Gross Profit declined 8% for the full year
primarily due to the softness in Oceania, certain adjustments in Group reporting as well as currency fluctuations.
As a reminder, from July 2023 onwards, heavy shipment business in Ireland and UK was reclassified internally from domestic to freight business from July 2023 onwards, impacting the Page 14
performance of the domestic express and freight forwarding products.View entire presentation