DP World sees resilient financial results
DP world maintained an adjusted EBITDA of US$3.3bn for FY2020, with an adjusted EBITDA margin of 39%, while revenue grew 11% to US$8.5bn on a reported basis.
The growth in revenue was supported by acquisitions and full year contribution from Topaz Energy & Marine and P&O Ferries.
Maritime and logistics revenue was up 33% and DP World’s portfolio delivered a better than expected performance in 2020.
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