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  • Writer's pictureTeam CargoTalk

DP World registers 6.6% revenue growth in FY2023 results



Announcing the fiscal results for December 31, 2023, DP World stated its revenue grew by 6.6 per cent to US$18.25 billion and adjusted EBITDA rose by 1.9 per cent to US$5.108 billion with a EBITDA margin of 28.0 per cent, Sultan Ahmed bin Sulayem, Group Chairman and CEO, DP World, said. “We are pleased to report stable results, with adjusted EBITDA increasing by 1.9 percent to USD $5.1 billion.


“Our strategic focus on high-margin cargo, end-to-end integrated supply chain solutions, and diligent cost optimization have played a pivotal role in securing these results. This strategy has proven effective during these testing times and lays a solid foundation for our sustainable long-term growth and returns, Sulayem said.


The revenue growth was supported by Drydocks World (+US$400 million) and the full-year consolidation benefit of the Imperial Logistics acquisition (+US$900 million), with like-for-like growth driven mainly by the Ports and Terminals and Logistics business.


“DP World logged a 13 per cent decarbonisation in Scope I and Scope II carbon emissions, with a commitment to invest US$500 million to reduce CO2 emissions in the next five years, he averred.

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