Agility achieves targets
Kuwait-based Agility reported Q1/2019 earnings of KWD 20.3 million (EUR 59.4 million), up 7.3% vis-a-vis Q1/2018. It was a 10.2% increase excluding IFRS-16 impact. Q1 revenue was KWD 378.8 million (EUR 1.1 billion), and ebitda was KWD 46.3 million (135.5 million), increases of 1.9% and 22.8%, respectively.
Agility vice-chairman and CEO Tarek Sultan: “Again a good start for Agility this year, though we are witnessing an environment where growth is slowing. We have seen good improvement across the board, and are accelerating our efforts to achieve our targets."
He went on to say that the company's core logistics business, Agility GIL, continues to make significant and important investments in digital transformation that will position it for long-term success and differentiation in the market. Agility is also continuing to invest in its infrastructure group companies, each of which is pursuing a growth strategy. (mw)