Ebitda target is coming closer
In 2018 Agility reported a net profit of KWD 81.1 million (USD 267 million), up 18.4% compared to 2017. Revenue for the year reached KWD 1.55 billion (USD 5.1 billion), and ebitda was KWD 154.8 million (USD 509.6 million), increases of 10.2% and 14.5%, respectively.
“Agility has improved profitability for shareholders for ten consecutive quarters. In 2018, Agility posted double-digit ebitda growth for the third year in a row,” said Agility vice chairman and CEO Tarek Sultan.
Sultan added that Agility remains committed to achieving its target of USD 800 million ebitda. However, the timeline may be stretched beyond 2020. Agility will be exploring different avenues for unlocking and maximising value for its shareholders, including investments, acquisitions, and public offerings of certain businesses in its portfolio, he said. (mw)