DP World: organic growth and acquisitions
DP World looks back in joy on its results of 2019. Both organic growth and acquisitions led to a significant uptick in revenues to USD 7.69 billion (+36.1%). Adjusted ebitda increased by 17.7% while the profit of USD 1.33 billion stood for a rise of 4.6% in comparison to 2018.
Growth was driven by acquisitions including P&O Ferries (UK), Topaz Energy & Marine (UAE) and the two terminals in Chile (Puerto Central and Puerto Lirquen) as well as the full year impact from Continental Warehousing Corporation (India), Cosmos Agencia Maritima (Peru) and Unifeeder (Denmark), and the consolidation of Australia region. Nevertheless, like-for-like revenue increased also by 2.3% and could be attributed mainly to non-container revenue. (mw)