Agility Group also in 2009 in good shape
GIL division of Agility increases gross profit In spite of a declining turnover resulting from the economic crisis the globally acting Agility Logistics Group is able to keep their results on a stable level. In the first half-year 2009 the operative result of the Kuweit-based group that has 34,000 employees in 550 offices in 120 countries rose 5 per cent compared to the previous year to KWD 83.2 million. Net profit was improved by 3 per cent to KWD 74.9 million. This development was resulting from numerous new businesses, a strict cost management and measures to increase profitability, as the Management announces with regard to the 9%-decline in sales revenues to KWD 821 million. GIL Global Integrated Logistics, Agility’s supply chain solutions division, which is controlled from Switzerland, recorded a 15.8 per cent decline in turnover to KWD 492.8 million in the reporting period. The more remarkable is the 1.2%-increase in the gross profit to KWD 153.6 million, with a margin of 31.2 per cent (2008: 25.9%), resulting from the consequent price policy. In the first half-year Agility’s GIL division continued its expansion in central and eastern Europe by establishing a location in Romania. In 2008 national companies were set up in Austria, Poland, Hungary and Slovenia. Quelle: Österreichische Verkehrszeitung |