Record performance for GEODIS in the first half of 2021
In the first half of 2021, GEODIS achieved revenues of €4,865 million, up +21% compared to 2020 at constant exchange rates and scope of consolidation, resulting from sustained activity recorded in all the Group’s business lines and regions. EBITDA climbed 60% year on year to €458m.
– In a still uncertain economic environment, GEODIS has confirmed its ability to generate profitable growth, with a revenue up 21% and EBITDA up 60%. These solid results support our ability to invest in growth while investing in the ecological transition of all our activities. Our good performance has enabled us to strengthen our investments in the company’s digital transformation and to self-finance our latest acquisition, PEKAES, a leading distribution network in Poland, a strategic country for GEODIS. These solid results are in line with the “Ambition 2023” strategic plan, which aims to achieve growth for the Group at least equal to that of the global logistics market over the period, and to accelerate the conversion of this growth into earnings – explains Marie-Christine Lombard, Chairman of GEODIS’ Executive Board.
Growth driven by e-commerce in the United States and Europe
The share of e-commerce activities has continued to grow, posting double-digit growth, and now accounts for more than €2 billion of the company’s €8.4 billion in sales. The health crisis has amplified a trend that now seems to be sustainable and has an impact mainly on two business lines of the company:
Last-mile delivery (Distribution & Express) with 23% of daily deliveries today destined for individuals versus 15% in 2019.
Contract Logistics with an increase in inventory management and order preparation activities on behalf of global marketplaces but also for many companies that have developed their own online merchant sites.ž
Faced with this growth in e-commerce, GEODIS has developed three new offers to better serve its customers: GEODIS e-Logistics, GEODIS MyParcel, GEODIS Zipline.
Strong growth in intercontinental air, sea and rail transport
Despite the extreme tension in the sea and air freight market, GEODIS has been able to meet its customers’ demand by securing capacity and completing its offer:
Chartering of two vessels between Asia and Europe to alleviate the difficulty its customers were having to obtain capacity from regular carriers at a competitive rate. Other charters are planned for the 3rd and 4th quarter of 2021.
A new air transport offer, GEODIS AirDirect, with a route between Shanghai and Guadalajara constituting the only direct access to Mexico from northern and central China. Unique to the market, this charter service already exists between Europe, China and the United States.
