New Agility offices in Poland and Ukraine
Logistics group Agility plans to continue cost control and growth initiatives in 2010 The management of the globally acting logistics group Agility warns against exaggerated expectations for the year 2010. The recovery from the global economic recession was slower than expected. Therefore they are going to adhere to their cost control measures and prolong initiatives to generate growth throughout this year, comments Tarek Sultan, Chairman and Managing Director of the enterprise. For Agility’s division GIL Global Integrated Logistic, which is controlled from Basel in Switzerland, the year 2009 was marked by the start-up of operations at new facilities in Saudi Arabia, Malaysia and Singapore, as well as the opening of offices in Poland and Ukraine. Moreover companies in Brazil and Mexico were taken over and they signed a letter of intent to buy a logistics enterprise in Qatar (GWC). The list of newly acquainted customers comprises Nokia, Mattel, Formula One Management UK and Yas Marina Circuit. Agility employs around 37,000 persons in 550 offices in 120 countries. In the business year 2010 the enterprise based in Kuwait City registered a decline in sales revenues of 7.1 per cent to KD 1.7 billion (6 billion USD). Operating profits increased by 5 per cent compared to 2008, reaching KD 168.8 million. Net profit grew 10.7 per cent to KD 156.4 million. Turnover of the GIL division declines 13 per cent to KD 1.04 billion. Net turnover shows a moderate plus of 1.85 per cent in the balance sheet. Quelle: LogEastics |