Investor Presentaiton
Financial & Performance Highlights | Freight Forwarding Volumes
Freight Forwarding Volumes
Q4 2022
Q4 2023 Change
FY 2022
FY 2023
Change
Air Freight Kgs
11,579,801
11,958,881
3%
Land Freight (FTL)
7,616
8,024
5%
52,525,834
29,036
44,832,629
-15%
29,153
0%
Land Freight (LTL KGS)
38,871,375
46,270,905
19%
153,489,529
174,521,104
14%
Sea Freight (FCL TEU)
8,392
7,694
-8%
Sea Freight (LCL CMB)
4,509
7,647
70%
31,133
18,526
30,787
24,733
-1%
34%
Freight Forwarding Margins
GP%
EBITDA%
20
20
15%
16%
16%
16%
14%
14%
14%
15%
15
15
10
7%
7%
7%
6%
6%
5%
10 -6%
6%
/
5
5
0
0
Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023
Q4 2023
FY 2022
FY 2023
aramex
delivery unlimited
•
Commentary
Overall, Aramex's Freight-Forwarding business was
resilient in a challenging market characterized by the
decline in global freight rates, leading to a downward
impact on pricing as seen across the freight forwarding
industry worldwide.
Land freight delivered robust growth in volumes, with
Aramex boasting a large trucking fleet in the GCC and
wider region. During the year, the decline in sea freight
rates has led to a shift in volumes from air freight to sea
freight which is also reflected in the volume performance
of Aramex.
Softness in demand globally coupled with the decline in
sea freight rates are providing customers with the
opportunity to optimize their supply chain and mode of
transportation to move more volumes via sea in a more
cost-effective manner
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