Dubai-based transport and logistics company, Aramex, has reported strong financial results due to higher shipment volumes and further gains in market share.
Revenue for Q4 2024 was 1.7 billion AED (approx. €442.3 million), 11 per cent up year-on-year.
Full year revenue was 6.3 billion AED which is also up 11 per cent (approx. €1.6 billion).
Aramex is reported to be benefitting from emerging nearshoring trends as businesses streamline supply chains by positioning inventory closer to key markets.
“Aramex has a clear competitive advantage to cater to this trend, thanks to its integrated solutions,” said Aramex CEO, Othman Aljeda.
“We have gained significant volumes from several businesses that we have helped nearshore their stock in our key markets.
“Domestic volumes were up 11 per cent, international express volumes were up 20 per cent and our contract logistics business is operating near full capacity.
“What this means is that we are seeing more demand for local deliveries through our domestic express solutions, and a shift from long-haul cross border to shorter and intra-regional cross border activity through our international express product and trucking business.
“Our margin profile has adapted accordingly, while the business continues to grow at healthy levels in absolute terms.
“Gross profitability for our consolidated international and domestic express product was up 8.0 per cent. Our contract logistics product also grew gross profitability by 8 per cent year-on-year, while freight forwarding was resilient with a 4.0 per cent decline in gross profitability due to increasing competition and industry pricing pressure as well as cost inflation.
“Our diversified business model and disciplined cost management ensured financial stability despite macroeconomic challenges and increase in investments associated with our expansion strategy.
“Looking ahead, 2025 will be about smart, efficient growth—scaling our business while maintaining operational discipline and driving innovation across our network.”
In other news, SAF-Holland’s recent financial results demonstrate a resilient business model.
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