Category Archives: Agility General Update

Agility Invests $18 Million in Green Supply Chain Technologies

BAAR, Switzerland – 27 Aug, 2019 – Agility, a leading global logistics provider, announced that it has invested $18 million in green supply chain technologies so far through its corporate venture arm Agility Ventures.
The announcement came today as part of Agility’s launch of its latest sustainability report, “Values into Action.” It follows the news that […]

Posted in Agility General Update

Insights | New Fuel Rules for Ocean Freight

What Shippers Need to Know by Cas Pouderoyen, Senior Vice President, Global Ocean Freight.
Click here to read full article

Posted in Agility General Update

Agility Reports 8.1% Q2 Earnings Increase

KUWAIT – August 13, 2019 – Agility, a leading global logistics provider, today reported second-quarter earnings of 12.99 fils per share on net profit of KD 21.6 million, an increase of 8.1% over the same period in 2018. Q2 EBITDA grew 31.2% to KD 48.6 million, and revenue increased 3.2% to KD 396.3 million.
First-half earnings […]

Posted in Agility General Update

U.S. Court Rules for Agility in KGL Defamation Case

Pennsylvania Court Affirms 2018 Ruling for Agility
KUWAIT – August 6, 2019 – A state court in the United States last week upheld a lower court ruling in favor of Agility in a case that arose after a whistleblower letter informed the U.S. government of business relationships that existed between KGL and state-owned Iranian entities.
The Pennsylvania […]

Posted in Agility General Update

Special Report: Shipping for Small & Medium-Sized Businesses

While SMEs expect their export revenues to grow in the next three years, almost all have faced difficulties…

Posted in Agility General Update

In the UK, Togo’s Gnassingbé makes case for investment

President Faure Gnassingbé of Togo was joined by former British prime minister Tony Blair on Thursday to talk economic development at the Togo-UK Investment Summit in London.
Gnassingbé made his pitch to investors while announcing a new deal for a logistics hub in Lomé, after meeting with CEO Geoffrey White of Agility Africa, right, and signing letters […]

Posted in Agility General Update

Agility’s Earnings Release Q1 2019

Agility Reports Earnings Increase of 7.3% for First Quarter 2019

Q1 2019
Reported
(Million KD)
Q1 2018
Reported
(Million KD)
Variance
(%)
Q1 2019
Excluding
IFRS16
(Million KD)
Q1 2018
Reported
(Million KD)
Variance
(%)

Revenue
378.8
371.8
1.9%
378.8
371.8
1.9%

Net Revenue
123.9
124.6
-0.6%
123.3
124.6
-1.1%

EBITDA
46.3
37.7
22.8%
39.3
37.7
4.1%

Net Profit
20.3
18.9
7.3%
20.8
18.9
10.2%

EPS (fils)
12.19
11.36
7.3%
12.52
11.36
10.2%

Figures in the table above have been rounded
Kuwait – May 12, 2019: Agility, a leading global logistics provider, today reported first quarter earnings of KD 20.3 million, or 12.2 fils per share,  an increase of […]

Posted in Agility General Update

Agility India Earns Prestigious CEIV Pharma Certification

MUMBAI, India – May 7, 2019 – Agility, a leading global logistics provider, has been awarded the IATA’s Centre of Excellence for Independent Validators (CEIV) certification for pharmaceutical logistics for its Mumbai, India operations.
The certification, by the International Air Transport Association (IATA), demonstrates Agility’s ability to ensure the integrity of pharmaceutical products throughout the supply chain, […]

Posted in Agility General Update

Agility Signs Porsche Carrera Cup Asia Partnership

Continued logistics partner for prestigious Porsche Motorsports racing series
SINGAPORE – May 1, 2019 – Agility has signed a two-year logistics partnership agreement with Porsche Motorsports for the eight-weekend Porsche Carrera Cup Asia (PCCA) racing series.
Agility Fairs & Events has been the official logistics partner for the PCCA since 2016. With this partnership, Agility will handle […]

Posted in Agility General Update

Agility Wins National Honors at Prestigious MEED Awards Program

Company’s built-to-suit warehouses selected as national winner
KUWAIT – April 18, 2019 – Agility, a leading global logistics provider, has been selected as the Kuwait national winner in the Industrial Project of the Year category at the 2019 MEED Projects Awards, presented in association with Mashreq.
Agility Logistics Parks received the award for its ‘4 BTS Warehouse’ […]

Posted in Agility General Update