Commenting on the first half results for 2022, Marie-Christine Lombard, CEO of GEODIS, said:
“In a turbulent global context, GEODIS has confirmed its capacity to generate profitable growth. In the first half of 2022, the Group achieved revenues of €6,748 million, an increase of 34% by comparison with the previous year.
These good results demonstrate the relevance of our growth model and allow us to press ahead with our strategy of targeted acquisitions as we seek to build a global, integrated network of transport and logistics hubs.
I would like to thank our customers for their confidence, and our teams for their ability to implement solutions to deal with the disruptions that have affected the global supply chain.”
The first six months of 2022 reflect the success of GEODIS’s transformation and the relevance of its integrated growth model
A sharp rise in revenues and profitability
Revenues showed solid growth of 34% at €6,748 million, driven by all activities and in particular by Freight Forwarding.
This sustained increase was achieved in a context of extreme tension in maritime and air transport, reflected in high freight rates and shrinking market volumes. In this context, GEODIS continues to grow and gain market share.
Contract Logistics continues its rapid development, particularly in the United States, because of the growth in e-Commerce.
The Road Transport Line of Business enjoyed a good level of volumes in France and other countries.
The Distribution & Express Line of Business continues to be driven by the development of e-Commerce in France.
Overall, this dynamic growth resulted in a significant increase in profitability, with EBIT increasing by 52% to €309 million and EBITDA standing at €598 million.
An ongoing strategy of targeted acquisitions
GEODIS remains committed to building a comprehensive range of services for managing its customers’ flows, with the construction of a global and integrated network of transport and logistics hubs.
In this perspective, the acquisitions in 2021 of PEKAES in Poland and of Gandon Transports and Transports Perrier in France have been followed by that of Keppel Logistics, which will strengthen GEODIS’s presence in the contract logistics sector in Asia-Pacific, more particularly in Singapore.