Global supply chain operator GEODIS reported a 28% increase in revenue to €10.9 billion ($12.2 billion) and EBITDA of €948 million ( $1.1 billion) with strong cash flow from operations and a substantial reduction in net debt.
“In 2021, GEODIS achieved the objectives of its “Ambition 2023″ strategic plan two years ahead of schedule, both in terms of revenue and EBITDA,” said Marie-Christine Lombard, Chief Executive Officer. “This performance validates the Group’s strategy and confirms the creation of value for its shareholder SNCF.
“In less than 10 years, GEODIS, the French leader, has become the 4th European player in the logistics sector and the 7th worldwide with a turnover growing by more than 50% and an operating margin which has increased by five – I would like to thank our customers for their trust (89% satisfaction rate) as well as our employees for their unwavering commitment to the Group (80% satisfaction rate).”
GEODIS will continue to implement the three pillars of its strategic ambition: development of an end-to-end service offer for freight delivery, strengthening of the e-commerce logistics offer and targeted investment policy on the two assets strategic (logistics real estate including robotics, decarbonated trucks) and acquisitions to strengthen the presence in key countries (North America, Europe and Southeast Asia) in 2022, added Lombard.
Revenue from the forwarding business in 2021 increased by 66% compared to 2019 to reach 4.9 billion euros ($5.5 billion). “In a context of extreme tension on the air and sea freight market, GEODIS has succeeded in securing transport capacities to ensure the continuity of its customers’ supply chains by chartering vessels and securing long-term maritime capacities. term between Asia and Europe, and by strengthening its air charter program and launch of a dedicated cargo plane.”
While the acquisition of Pekaes and Transport Perrier will strengthen the road transport activity of palletized goods in Poland and France, the distribution & express activity is expanding its offer in the health sector with the acquisition of Gandon Transports , a major player in the transport of goods at temperature controlled pharmaceutical products in France, adds the press release.
GEODIS is a 100% subsidiary of SNCF (National Railway Company.