Agility reported a 41 per cent rise in EBITDA to 15.4m KD (£34.5m) on sales up one per cent to 321.8m KD (£721.6m).
“2011 was the first year that we began reporting our numbers excluding defence and government contracts. Relative to this baseline, 2012 has started off on the right track,” said Tarek Sultan, Agility’s chairman and managing director. “EBITDA adjusted for one-off impacts show a 41 per cent improvement relative to the same period last year.”
“We are pushing forward with the initiatives already started last year – reinvigorating our focus on our customers, from global accounts to our SME business, continuing to push ahead with transforming our business and improving productivity through technology, completing some “fixes” to non-performing entities, and maintaining financial discipline, cost and cash management throughout the business,” said Sultan.