Deutsche Bahn sees Schenker sale as key to recovery from 'crisis'
Deutsche Bahn today delivered its 2024 results, enjoying the “very favourable” €19.2bn revenue from DB ...
By Alex Lennane
Agility today announced its first quarter results and extremely ambitious plans to more than double its EBITDA by 2020, according to CEO Tarek Sultan.
Agility’s first-quarter resulted in a net profit of KD13.1m ($43.4m), a 10.9% rise, on revenues which were down 6.1%, to KD298.8m ($991m), a decline “related to the slowing down of global trade”. EBITDA rose 12.1% to KD26.2m ($87m).
But, said Mr Sultan, “the longer-term target is to reach an EBITDA of $800m by 2020. We have a demanding road ahead to achieve ...
Comment on this article
Jim Panse
May 10, 2016 at 6:34 amI suggest you review the headline and first paragraph of your article again.
A targeted EBIDTA increase from around USD 90 million in a single quarter to USD 800 million in a full year (2020) is neither 800% nor “nearly tenfold”.
Alex Lennane
May 10, 2016 at 8:48 amIt is now corrected. And I am so embarrassed! I knew something was wrong. Thank you very much for pointing it out.