- 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 of €458 million, up by more than 60%.
- The amount of operating cash flow has enabled the Group to finance acquisitions while reducing net financial debt compared to June 2020 (-€123 million).
- GEODIS is thus in line with the trajectory of its Ambition 2023 strategic plan, demonstrating the relevance of the strategic choices made over the past several years.
“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.
