Business
Like

Majid Al Futtaim records resilient performance with continued investments in strategic initiatives

February 1, 2018
98 Views
0 Comments
1 minute read
Majid Al Futtaim records resilient performance with continued investments in strategic initiatives

Key Highlights:

 

  • Improved overall group revenue by 8% year-on-year to AED 32.2 billion
  • Increased EBITDA by 1% year-on-year to AED 4.2 billion
  • At constant FX rates, group revenue would have grown by 14% and EBITDA by 5%
  • Opened Mall of Egypt, the country’s first super-regional shopping mall
  • Accelerated Carrefour’s growth with the acquisition of Retail Arabia; Expanded Carrefour’s network to more than 230 hypermarkets and supermarkets across 14 countries
  • Received 2017 CinemaCon ‘Global Achievement Award in Exhibition’
  • Enhanced digital and e-commerce customer offerings with new Carrefour online platform
  • Established Majid Al Futtaim School of Analytics and Technology
  • Introduced new Orbi and Ski Egypt customer experiences
  • Launched a strategy to become Net Positive by 2040
  • Maintained BBB credit rating by Standard and Poor’s and Fitch Ratings, for a sixth consecutive year

Editor_wr

2432 posts
0 comments
Do NOT follow this link or you will be banned from the site!