For the first half of the year, DP World announced increased revenue by 3.3% to US$9.335 billion, lower adjusted EBITDA by 4.3% to US$2.497 billion and an adjusted EBITDA margin of 26.8%.
“We are pleased to report resilient results, with revenue increasing by 3.3% in the first half of the year, despite challenging macroeconomic conditions,” pointed out DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem. “The year 2024 has been marked by a deteriorating geopolitical environment and disruptions to global supply chains due to the Red Sea crisis. Nevertheless, our strategic emphasis on high-margin cargo, comprehensive end-to-end supply chain solutions, and stringent cost management have been crucial in achieving this financial performance.”
In the logistics sector, DP World said it focusses on expanding its freight forwarding platform, which now encompasses over 90% of global trade across more than 150 locations worldwide.
