Tag Archives: Aramex

Aramex’s Revenue in FY 2020 Increases 9% to Record AED 5,510 million

Published by:

Dubai, UAE – Tuesday, 9th February 2021: Aramex (DFM: ARMX), a leading global provider of comprehensive logistics and transportation solutions, today announced its financial results for the Fourth Quarter (Q4 2020) and Full Year (FY 2020) ending 31 December 2020.

In Q4 2020, Revenue increased 13% to AED 1,598 million, compared to AED 1,418 million reported in Q4 2019. This marks the Company’s highest fourth quarter Revenue on record. Q4 is typically a busy shopping season and with more and more consumers turning to e-commerce to buy goods and gifts due to travel and other COVID-19 related restrictions, this supported Aramex’s top line growth for the three-month period. For the year, Aramex’s Revenue was AED 5,510 million, an 9% increase versus FY 2019 and the highest Revenue on record, as COVID-19 accelerated e-commerce activities.

Read more at https://www.aramex.com

See Also


Aramex Begins Fully Electric Vehicles Pilot in KSA

Published by:

Wednesday, 15th January 2020: Aramex (DFM: ARMX), a leading global provider of comprehensive logistics and transportation solutions, has started testing fully electric vehicles within its fleet in the Saudi market. This step comes in line with the Saudi Arabia Vision 2030, where environmental protection is one of its main objectives.

The company is committed to moving forward with its long-term strategy to convert its entire fleet into electric vehicles where possible, in order to reduce CO2 emissions from its operations and reduce its negative impact on the environment. First Advanced Auto, the sole authorised dealer of BYD cars in KSA, provided Aramex with a fully electric vehicle to be tested in the last mile delivery services.

Raji Hattar, Chief Sustainability Officer at Aramex, said: “We pride ourselves on being a leader in sustainability across the region. Protecting the environment is a top priority and an essential part of our sustainability strategy, therefore, we continuously evaluate all options that contribute to reducing our CO2 emissions. We have already succeeded in reducing these emissions by more than 20% by the end of 2016, and we are taking steady steps towards achieving our goal of reducing them by an additional 20% by the end of 2020”.

In 2017, Aramex successfully introduced ten fully electric vehicles to its fleet in Amman, Jordan.

Via: aramex.com

Aramex Begins Fully Electric Vehicles Pilot in KSA

Published by:

Wednesday, 15th January 2020: Aramex (DFM: ARMX), a leading global provider of comprehensive logistics and transportation solutions, has started testing fully electric vehicles within its fleet in the Saudi market. This step comes in line with the Saudi Arabia Vision 2030, where environmental protection is one of its main objectives.

The company is committed to moving forward with its long-term strategy to convert its entire fleet into electric vehicles where possible, in order to reduce CO2 emissions from its operations and reduce its negative impact on the environment. First Advanced Auto, the sole authorised dealer of BYD cars in KSA, provided Aramex with a fully electric vehicle to be tested in the last mile delivery services.

Raji Hattar, Chief Sustainability Officer at Aramex, said: “We pride ourselves on being a leader in sustainability across the region. Protecting the environment is a top priority and an essential part of our sustainability strategy, therefore, we continuously evaluate all options that contribute to reducing our CO2 emissions. We have already succeeded in reducing these emissions by more than 20% by the end of 2016, and we are taking steady steps towards achieving our goal of reducing them by an additional 20% by the end of 2020”.

In 2017, Aramex successfully introduced ten fully electric vehicles to its fleet in Amman, Jordan.

via: aramex.com

Aramex 2019 Revenue Grows to AED 5.2 billion

Published by:

Dubai, UAE – Monday, 10th February 2020:
Aramex (DFM: ARMX), a leading global provider of comprehensive logistics and transportation solutions, today announced its financial results for the Fourth Quarter and Full Year ending 31 December 2019.
Full Year 2019 Revenue increased by 3% to AED 5,246 million, compared to AED 5,086 million in FY 2018. FY 2019 Net Profit increased 1% to AED 497.4 million, compared to AED 492.6 million made in the year ago period.

Aramex’s Q4 2019 Revenue grew by 3% to AED 1,463 million, compared to AED 1,425 million in Q4 2018. Q4 Net Profit dropped slightly by 1% to AED 152.5 million, compared to AED 154 million in the year ago period. In Q4 2018, Aramex registered a one-off impairment of AED 46 million from the divestment of Aramex Global Solutions (AGS).

The Company remains in a very strong cash position thanks to prudent financial management; at the end of 2019, Aramex’s total cash stood at AED 1 billion and free cash flow of AED 294 million.

Read more at aramex.com

Aramex 2019 Revenue Grows to AED 5.2 billion

Published by:

Dubai, UAE – Monday, 10th February 2020:
Aramex (DFM: ARMX), a leading global provider of comprehensive logistics and transportation solutions, today announced its financial results for the Fourth Quarter and Full Year ending 31 December 2019.

Full Year 2019 Revenue increased by 3% to AED 5,246 million, compared to AED 5,086 million in FY 2018. FY 2019 Net Profit increased 1% to AED 497.4 million, compared to AED 492.6 million made in the year ago period.

Aramex’s Q4 2019 Revenue grew by 3% to AED 1,463 million, compared to AED 1,425 million in Q4 2018. Q4 Net Profit dropped slightly by 1% to AED 152.5 million, compared to AED 154 million in the year ago period. In Q4 2018, Aramex registered a one-off impairment of AED 46 million from the divestment of Aramex Global Solutions (AGS).

The Company remains in a very strong cash position thanks to prudent financial management; at the end of 2019, Aramex’s total cash stood at AED 1 billion and free cash flow of AED 294 million.

Commenting on the results, Bashar Obeid, Chief Executive Officer of Aramex, said: “We are pleased with our resilient performance despite headwinds emanating from regional and global economic challenges and pricing pressure on our core business prompted by shifting e-commerce dynamics.

In 2019, we strategically focused efforts on upgrading our operations and deepening our commitment to building a digital infrastructure that enables a higher service level to customers, more efficient processes to handle strong growth in shipment volumes and partial mitigation of impacts from pricing pressure, especially in our express business. More specifically, we invested heavily in the last mile operations, one of the most critical and competitive stages of the delivery journey. This has enabled us to become the leaders in last mile in our core markets.

Simultaneously, we are fast tracking our commercial transformation process to encourage accelerated growth in our B2B business lines such as fashion retail, telecommunications, manufacturing, chemicals and healthcare, which will help us diversify our revenue mix. To extract more value from that business we are undergoing a restructuring of our commercial teams and processes, and expect it to increase its contribution to our performance in the coming quarters.”

Q4 2019 Business Performance Highlights:

Aramex’s International Express business declined 4% to AED 673 million, compared to AED 702 million in Q4 2018. This decline is attributed to the continued pressure on pricing for e-commerce business in Aramex’s Asian markets, especially China and Hong Kong, despite the growth in volumes. E-commerce business from other markets including the UK and USA witnessed double-digit growth compared to the year ago period.

Domestic Express surged 20%, to AED 324 million, compared to AED 270 million in Q4 2018. The significant growth in this business line is attributed to the double-digit growth in core markets, notably from Saudi Arabia, Egypt and UAE. Excluding India restructuring and impact from exchange rate fluctuations, Domestic Express growth would have reached 26%.

Freight-Forwarding witnessed flat growth of AED 294 million, from AED 293 million in Q4 2018. Meanwhile, Aramex’s Oil and Gas business registered healthy growth. Aramex continued to diversify across different geographies and strategic sector verticals, mainly fashion retail, manufacturing and healthcare, setting the foundation for a steady projected growth over the long term.

Aramex’s Logistics and Supply Chain Management business grew by 15% to AED 97 million, compared to AED 84 million in Q4 2018, as a result of the growth of business across the company’s key markets, especially in the UAE and Saudi Arabia. The increase is driven by more traditional retailers choosing to tap omni-channel sales to compete with pure-play e-commerce companies.

Iyad Kamal, Chief Operating Officer at Aramex, said: “Over the course of the year we have invested in strategic ground infrastructure projects specifically in our core markets with the ultimate objective of boosting operational efficiencies and enhancing the overall customer experience. Our efforts, together with the continuous commitment and dedication of our passionate teams around the world, have enabled us to handle growth of 30% in shipment volumes in our core markets efficiently with an improvement in delivery times. Those investments included the establishment of new fulfillment facilities, increasing the number of Aramex PickUp and Drop Off (PUDO) points to be closer to end recipients, and introducing more automation in our operational and back office processes.”

Commenting on Aramex’s digital transformation Mohammed Sleeq, Chief Digital Officer at Aramex, said: “In 2019, we have invested in several digital technologies with a strategic focus on enhancing customer experience, last mile transformation and modernizing our core technology infrastructure. These investments helped reshape our digital identity to increase agility and speed innovation and efficiency across all business lines. Our data lake, which hosts a big data infrastructure that leverages machine learning and artificial intelligence capabilities, allows us to digitize the end-to-end customer experience and solve some of the industry challenges. We also introduced Aramex Fleet and Spot, innovative solutions together forming a zero-asset tech-driven model that supports our capacity scalability efforts and solve last mile challenges, especially around peak periods. We will continue to invest in latest technologies that allow us to accelerate our digital transformation journey, improve service level to customers and realize higher efficiencies.”

Full Year 2019 Business Performance Highlights:

Aramex’s International Express business grew by 3% to AED 2,349 million, compared to AED 2,273 million in 2018, most notably coming from USA, UK, Singapore and Saudi Arabia.

In FY 2019 Domestic Express business grew by 5% to AED 1,108 million, compared to AED 1,051 million in 2018, driven by the rise in domestic e-commerce across GCC and Australia. Performance was impacted by the strategic restructuring of operations in India and currency fluctuations; excluding these two factors, Domestic Express would have grown by 13% in 2019. In Aramex’s core markets, Domestic Express shipment volumes rose by 27% compared to 2018, namely driven by strong growth in Saudi Arabia and Egypt.

Aramex’s Freight-Forwarding business declined by 2% to AED 1,138 million, compared to AED 1,164 million in 2018 due to continued regional economic uncertainty.

Logistics and Supply Chain Management operations over the year increased 18% to AED 355 million, compared to AED 302 million in 2018, due to the strong demand from traditional retailers for Aramex’s warehousing and other value-added services across key markets.

Commenting on the outlook for 2020, Bashar Obeid said: “While we anticipate shipment volumes to continue to demonstrate healthy growth in the coming year, notably from our core markets, pricing pressure on e-commerce business is expected to continue over the coming period. Our efforts in 2020 will be focused on accelerating our business transformation roadmap across different areas in the company to realize synergies and lower cost of doing business on the ground. We will also continue our aggressive roll-out of the commercial restructuring process prioritizing the B2B segment, to ensure we have a well-diversified revenue mix.”

via: aramex.com

Aramex Launches Aramex Spot, Expanding Delivery Options in KSA and UAE

Published by:

Dubai, UAE/ Riyadh, KSA – Sunday, 17th November 2019:
Aramex (DFM: ARMX), a leading global provider of comprehensive logistics and transportation solutions, today announces the launch of its latest last mile delivery solution, Aramex Spot, across Saudi Arabia and the United Arab Emirates. As part of its efforts to enhance customer service and to accommodate the growing demand for more Pick-Up options, Aramex has partnered with commercial locations to utilize their outlets as convenient PUDO locations for its customers shipments.The rollout of Aramex Spot comes as part of the company’s commitment to strengthen its last mile capabilities while remaining committed to its asset light structure. This is built on the back of the growing customer expectations within the e-Commerce industry.

Aramex has already partnered up with commercial locations and expects to grow to 150 Spot locations across KSA and the UAE by the end of 2020. Interested locations can sign up to join the Spot network by visiting our website on: spot.aramex.com.

Commenting on the launch, Iyad Kamal, Chief Operating Officer of Aramex, said: “This latest addition to our last mile delivery solutions will allow the end recipient to conveniently Pick-Up their shipments from a nearby supermarket, pharmacy or other commercial outlets. We believe this is incredibly important and is in line with our strategy to increase operational efficiency while enhancing customer experience through innovative solutions. As for the Spot locations, they will benefit from the compensation they will receive per shipment and the increased footfall our customers will drive to their locations.”

Mohammed Sleeq, Chief Digital Officer of Aramex, added:“We are excited to launch Aramex Spot given the growing consumer expectations within our domain. This brings us closer to our customers whilst creating a marketplace for the commercial community in our core markets. With this proprietary tech comes our industry track record; we are well positioned and confident of introducing a robust PUDO network. Aramex Spot joins Aramex Fleet, our crowdsourcing delivery arm, together forming a zero-asset tech driven platform that supports our capacity scalability efforts on the last mile.”

The debut of Aramex Spot follows Aramex’s successful launch of Aramex Fleet in December 2018 and WhatsApp for Business in October 2018, which collectively, are efforts to enhance customer experience, digitize and simplify the end-to-end shipment journey.

via: aramex.com

Aramex Net Profit Surges 26% in Q2 2018

Published by:

Dubai, UAE – Aug 1, 2018:
Aramex (DFM: ARMX), the leading global provider of comprehensive logistics and transportation solutions, today announced its financial results for the second quarter and first half year ended 30th June 2018.

Aramex’s Q2 2018 net profit surged by 26% to AED 122 million, compared to AED 97 million in Q2 2017, and the company’s net profit in the first half of 2018 increased by 20% to AED 225.7 million, compared to AED 188.7 million for the same period of 2017.

Revenues for the quarter rose by 7% to AED 1,232 million, compared to AED 1,147 million in the corresponding period of 2017. H1 2018 revenue reached AED 2,422 million, up by 7% compared to AED 2,253 million in the same period 2017.

Read more at aramex.com

See Also

Aramex Net Profit Surges 38% in Q3 2018

Published by:

Dubai, UAE – Wednesday, October 31st, 2018:
Aramex (DFM: ARMX), the leading global provider of comprehensive logistics and transportation solutions, today announced its financial results for the third quarter ended 30th September 2018.

Aramex’s Q3 2018 net profit surged by 38% to AED 113 million, compared to AED 82 million in Q3 2017. Net profit for the nine-month period ending September 30th, increased by 25% to AED 339 million compared to AED 270 million in the prior year period.

Revenue for the quarter rose by 8% to AED 1,239 million, compared to AED 1,143 million in Q3 2017. Revenue for the nine-month period ending September 30th also increased by 8% to AED 3,661 million, compared to AED 3,397 million in the corresponding period of 2017.

Read more at aramex.com

See Also

Aramex Goes Live with WhatsApp Business Solution for Customers

Published by:

Dubai, UAE – Sunday, Oct 21, 2018:
Aramex (DFM: ARMX), the leading global provider of comprehensive logistics and transportation solutions, today announced the launch of a more personalized customer interaction channel through its partnership with WhatsApp for Business. The roll out of the pioneering service is part of the Company’s efforts to enhance customer experience and digitize the end-to-end shipment journey.

In its preliminary version, the service will include a “track and trace” functionality as well as a “find Aramex nearest location” feature. Ultimately, the service aims to provide an on-demand and personalized customer interaction for shipment notifications, live location sharing, new delivery instructions and scheduling, offering highly customized last mile preferences and an upgrade to the Company’s service level.

Read more at aramex.com

See Also

Aramex expands Saudi presence, signs strategic partnership with Al-Dawaa Medical Services Co.

Published by:

Riyadh, KSA – August, 2018:

Aramex, the leading global provider of comprehensive logistics and transportation solutions, today announced that its Saudi division is entering into a strategic partnership with Al-Dawaa Medical Services Co. (DMSCO), the exclusive owner of Al-Dawaa Pharmacies.

The agreement will look to expand the logistics provider’s presence in the Saudi market, provide a new and unique service to the e-commerce sector, and extend additional services to Al-Dawaa Pharmacies’ clientele.

The first phase of the partnership will enable Aramex to launch service centers within 20 branches of Al-Dawaa Pharmacies distributed across the Kingdom. The second phase will see Aramex

Read more at aramex.com

See Also