Aramex PJSC Third Quarter 2022 Earnings: Misses Expectations

Aramex PJSC (DFM:ARMX) Third Quarter 2022 Results

Key Financial Results

• Revenue: د.إ1.43b (down 2.4% from 3Q 2021).
• Net income: د.إ36.9m (up 18% from 3Q 2021).
• Profit margin: 2.6% (up from 2.1% in 3Q 2021). The increase in margin was driven by lower expenses.
• EPS: د.إ0.025 (up from د.إ0.021 in 3Q 2021).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Aramex PJSC Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 10.0%.

Looking ahead, revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Logistics industry in Asia.

Performance of the market in United Arab Emirates.

The company's shares are up 1.4% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Aramex PJSC that you need to be mindful of.

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