Aramex has rapidly grown into a global brand, recognized for its customized services and innovative products. Listed on the Dubai Financial Market (DFM) and based in the UAE, Aramex is centrally located at the crossroads between East and West, which allows the company to provide customized logistics solutions anywhere in the world effectively and reach more businesses and consumers regionally and globally.
Aramex is committed to continually enhancing operations across the region while pursuing opportunities for business growth in emerging markets abroad. This approach is core to the sustainable development of business and commitment to facilitating wider, global trade in an ever-changing world.
Aramex has successfully introduced market leading express delivery and logistics services to the Middle East and other emerging economies. As a leading global provider of comprehensive logistics and transportation solutions, their breadth of services include express courier delivery, freight forwarding, logistics, supply chain management, e-commerce and record management services.
ARAMEX ACCELERATES DIGITIZATION OF REVENUE MANAGEMENT SYSTEMS WITH OPEN PRICER
Jan 2021: Open Pricer, a leading cloud-based pricing platform provider for parcels and road freight carriers, announces that it has entered into a strategic agreement with global logistics giant, Aramex, providing them with a bespoke digital pricing solution to help further optimize Aramex’s revenue management.
The scope covers the integration of OP Smart Quote, to perform simulations for commercial negotiations and build quotes based on updated market factors. In addition, OP Rerating Campaigns will also be deployed to improve rating strategies and monitor results in real-time.
This agreement represents another step in Aramex’s strategy to further accelerate its digital transformation journey by leveraging the latest innovative technologies to quickly adapt to customers’ changing expectations and needs on a global scale. The agreement also supports Aramex’s efforts to offer its customers more competitive and fair prices, based on hard facts and market analysis.
ARAMEX Q1 2021 REVENUES JUMP 24% TO AED 1.4 BILLION
May 2021: Aramex (DFM: ARMX) a leading global provider of comprehensive logistics and transportation solutions, announced its financial results for the first quarter ending 31 March 2021.
In Q1 2021, Revenues jumped 24% to AED 1,425 million, compared to AED 1,152 million in Q1 2020 driven by increased demand for Express business including cross border e-commerce and last mile services. Operating profit declined 20% to AED 79 million compared to AED 100 million in Q1 2020, while Operating margins fell to 5.6% compared to 8.6% in the same period last year.
As a result of prudent financial management, Aramex maintained a strong balance sheet with a negative net debt position of AED 353 million, indicating a strong cash balance as at 31 March 2021. This solid financial position enables the Company to continue investing in scaling operations, rolling out digital solutions and swiftly executing on future opportunities including value-enhancing acquisitions.