Agility, a global integrated logistics and forwarding provider, has announced its financial results for the second quarter 2016. The company’s net revenue amounted over 355M USD which means an increase of 4% as compared to the same period of 2015. At the same time Agility noted overall revenue of over 1.02B USD.
Agility’s net profit for Q2 2016 stood at ca. 50M USD and was 11% higher than in Q2 last year. At the same time Earnings Before Interest (EBITDA) reached the level of 96.2M USD which is an increase of 12% as compared to the same period in 2015.
– We started the year on a good note and are sustaining this momentum as the year progresses. Within our Global Integrated Logistics business, we are making gains even in the face of a challenging freight forwarding market because we have found ways to be more efficient, improve productivity, demonstrate financial discipline and make operations more responsive to the marketplace and customers’ needs – said Tarek Sultan, Agility’s CEO. – Companies in the Agility Infrastructure group continue to grow as we tap into excellent opportunities in emerging markets and focus on improving efficiency across the board.
Agility Global Integrated Logistics revenue in Q2 2016 amounted over 773M USD. Meanwhile the companies within Agility Infrastructure group (logistics-related services, real-estate management, bulk fuel transport and storage, ground handling services) achieved the revenue of ca. 265M USD, which is the increase of 12% compared to Q2 2015.
– “Subdued” trade forecasts for the year, to quote the WTO, continue to impact the freight forwarding market. However, Agility GIL was able to record volume growth in its core air and ocean markets and is focusing on products and markets that are growing despite sluggish overall volumes. Growing demand for contract logistics in emerging markets – an area that Agility has long-established market leadership in – coupled with improved yields in the freight business and better commercial discipline has resulted in margin expansion within GIL – said Sultan.
Also in Poland in Q2 2016 Agility noted very good financial results and a double-digit increase rate in all business areas – sea, air and road forwarding.
– We are continuously developing very intensively. We have reinforced our team and expanded our forwarding service portfolio, e.g. offering railway connections with China. We are very satisfied with the results we have achieved, thanks to hard work of the entire team, their commitment and professionalism – said Karolina Gasińska-Byczkowska, Agility Logistics Branch Manager in Poland.
– Although the external market environment continues to be a challenge, particularly to our commercial logistics business, we are continuing to improve our financial performance by growing our Infrastructure portfolio of companies and simultaneously driving transformation of our GIL business – said Sultan. – We remain committed to meeting the expectations of our shareholders, customers, and employees, and as always, thank them for their support.
Agility is one of the world’s leading providers of integrated logistics. It is a publicly traded company with more than $4.3 billion in revenue and more than 22,000 employees in over 500 offices across 100 countries. Agility’s core commercial business, Global Integrated Logistics (GIL), provides supply chain solutions to meet traditional and complex customer needs. GIL offers air, ocean and road freight forwarding, warehousing, distribution, and specialized services in project logistics, fairs and events, and chemicals. Agility’s Infrastructure group of companies manages industrial real estate and offers logistics-related services, including e-government customs optimization and consulting, waste management and recycling, aviation and ground-handling services, support to governments and ministries of defense, remote infrastructure and life support.
Agility Logistics Sp. z o.o. has been active in Poland since 2008. The company operates two branches: in Warsaw and Wroclaw. The Warsaw branch focuses on the air and sea freight while the Wroclaw office deals with road freight and logistics services. Agility offers global strategy of LCL shipment transport and attractive solutions for the FCL shipments. Agility’s road connection network enables delivery of a shipment in Europe within 72 to 96 hours. The lead time in Poland is 24 hours. Agility’s customer portfolio includes companies from various industries – from automotive to high-tech and retail.