- Global trade enabler DP World has announced robust financial results for the first six months of 2024.
- DP World is also confident of delivering improved second half EBITDA performance in 2024.
Global trade enabler DP World has published its financial results for the first half of 2024, keeping its pace admist the challenging global economic environment. The company reported revenue growth of 3.3% to $9.335 billion, driven by its Ports & Terminals division. While adjusted EBITDA declined slightly, DP World maintained a robust financial position and expressed confidence in delivering improved performance in the second half of the year.
Financial Performance
The company reported a 3.3% increase in revenue to $9.335 billion, primarily driven by strong performance in its Ports & Terminals segment. While adjusted EBITDA declined by 4.3% to $2,497 million, the company maintained a healthy EBITDA margin of 26.8%.
Operational Highlights
A key driver of growth was the 6.1% increase in like-for-like gross container volumes. This was underpinned by strong performance across key regions including the Americas, Europe, Asia Pacific, and Jebel Ali.
Strategic Focus
DP World emphasized its strategic focus on high-margin cargo, comprehensive supply chain solutions, and stringent cost management. The company invested $994 million in capital expenditure, with a significant portion allocated to expanding its ports and terminals, logistics, and marine services.
Despite challenges posed by the geopolitical environment and supply chain disruptions, DP World expressed confidence in delivering improved EBITDA in the second half of 2024.
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Source: DP World
