GEODIS reports boost in revenues in 2021

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GEODIS
(PHOTO: GEODIS)

www.ses.ieLogistics provider GEODIS said it has achieved the targets of its “Ambition 2023” plan two years ahead of schedule. The company also said it recorded revenues in 2021 of €10.9 billion, an increase of 28 percent compared to 2020 and 33 percent compared to 2019. The company said its EBITDA amounted to €948 million, 33 percent above 2020 level and 38 percent higher than in 2019. The company did not provide a net profit or net loss amount.

Marie-Christine Lombard, Chief Executive Officer of GEODIS, said, “In 2021, GEODIS met the targets of its ‘Ambition 2023’ strategic plan two years ahead of schedule, both in terms of revenue and EBITDA. This performance validates the Group strategy and confirms the value creation for its shareholder, SNCF. In less than 10 years, GEODIS…has become the fourth largest European player in the logistics sector and the seventh largest in the world, with revenues that have grown by more than 50 percent and an operating margin that has increased fivefold during this period…In 2022, GEODIS will continue implementing the three pillars of its strategic ambition: the development of an end-to-end service offering for freight delivery, the strengthening of its e-commerce logistics offering, and a policy of targeted investments in both strategic assets (logistics real estate including robotics, decarbonated trucks) and acquisitions to bolster our presence in key countries (North America, Europe and Southeast Asia). In 2022, GEODIS will strengthen its commitment to ESG by including environmental and social responsibility issues in the variable compensation for top management.”

The company said its freight forwarding business benefited from a positive market environment owing to a favourable price effect and increased volumes. Its revenue in 2021 stood at €4.9 billion, an increase of 66 percent compared to 2019. GEODIS said it has secured transport capacities to ensure the continuity of its customers’ supply chains, by chartering vessels and securing long-term shipping capacity between Asia and Europe and strengthening its air charter programme and launching a dedicated cargo aircraft.

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