The first half of 2016 has seen strong revenue growth for Jade, propelling the company ahead of its targets. This is the result of longstanding partnerships being renewed, and new customers coming on board across the business.
CEO & Managing Director David Lindsay says that the company’s accelerated success is testament to the resilience of, and investment in, all areas of the business.
“This year, with the support of the board, we have continued to invest in market development and capability across the globe, which is paying off. We are executing our long-term growth and profitability strategy, with pleasing results in 2016 so far.
“Global market conditions made for a challenging 2015, which led to ambitious growth targets being set for this year.
“Jade has achieved revenue growth of 17% at the halfway mark, led by 39% growth in its Logistics business,” says Lindsay.
Five new marine terminals and inter-modal hubs in New Zealand, Australia, Europe, and Asia have adopted the company’s flagship product, Jade Master Terminal, and global demand is expected to continue to gain momentum. The Solutions and Technologies lines of business have both grown profitably, picking up new customers in New Zealand and Australia.
Jade now operates out of eight countries and has customers on every continent involved in global trade. Execution of this expansion strategy has enabled Jade to improve its market share considerably over the past three years and position its products as leading the market globally.
Lindsay is also expecting the demand for Jade’s Digital Solution services to continue in the Australia and New Zealand markets, with the company anticipating another round of strong results at the end of 2016.
“Halfway through the year, we’re very well placed. All business units are performing well, and we’re on track to improve our position in the second half of the year,” he says.
“We have great momentum to carry us through the rest of 2016 but it’s important that we don’t get complacent and that we continue to focus on execution.”