Mar. 11 at 6:10 PM
$UNQL .004 Monster 8K MERGER DP World, a global logistics firm, reported
$18.25 billion in revenue for 2023, marking a 6.6% growth from the previous year.
Here's a breakdown of DP World's 2023 financial performance:
Revenue:
$18.25 billion (6.6% growth)
Adjusted EBITDA:
$5.1 billion (1.9% increase)
Profits:
$1.5 billion (decreased by 17.7%)
Cash generation:
$4.579 million (increased by 2.9%)
Leverage: Increased to 3.5x on a pre-IFRS16 basis
Key Highlights:
The financial results were supported by Drydocks World (+
$400 million), the Imperial Logistics acquisition (+
$900 million), and like-for-like growth in the Ports & Terminals and Logistics businesses.
The company's adjusted EBITDA margin was 28%.
DP World is a global leader in freight logistics, port terminal operations, marine services, and free trade zones.