AD Ports Group, an enabler of integrated trade, transport and logistics solutions, will hold its inaugural Capital Markets Day for institutional investors, analysts, corporate and investment bankers, and other securities market participants on February 24 to discuss its 2024 financial performance and the Group’s ongoing, value-enhancing growth strategy.

 

The full-day, in-person event will feature presentations by Group and Cluster senior executives, as well as guest speakers, and site visits to flagship assets in Abu Dhabi, Kezad and Khalifa Port, including the newly commissioned CMA Terminals Khalifa Port, the Group’s new container port terminal developed in partnership with CMA CGM Group, said the AD Ports Group in a statement.

 

Through the first nine months of 2024, AD Ports Group generated group revenue of AED12.73 billion ($3.5 billion), earnings before interest, taxes, depreciation and amortisation (ebitda) of AED3.3 billion, and total net profit of AED1.3 billion - all record highs. 

 

In addition to acquisitions, gains were driven by organic growth across the five business clusters of Ports, Economic Cities and Free Zones, Maritime & Shipping, Logistics and Digital services.

 

Amongst the highlights of 2024 were the integration of the Group’s two largest acquisitions to date - Noatum, a global logistics platform, with maritime and ports operations around the Med region, and Global Feeder Shipping, a Dubai-based seaborne container feeder company that was fully consolidated with synergistic initiatives implemented with the Cluster’s different shipping entities and with other Group clusters, which added value and drove new levels of Group revenue and profits.-TradeArabia News Service