Author: Evelyn McCarter
o 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.
o EBITDA of €458 million, up by more than 60%.
o The amount of operating cash flow has enabled the Group to finance acquisitions while reducing net financial debt compared to June 2020 (-€123 million).
o 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:
Faced with this growth in e-commerce, GEODIS has developed three new offers to better serve its customers:
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:
Renewed customer trust
GEODIS' agility and responsiveness throughout the health crisis have been praised by its customers. According to the Ipsos survey, which was launched in the first half of 2021, 89% of customers say they are satisfied with the services and solutions offered by GEODIS.
(Measurement of customer satisfaction by Ipsos, conducted in the first half of 2021).
Acquisitions to strengthen GEODIS' activities in strategic areas and markets
The fight against climate change: a priority
The health crisis has not slowed GEODIS' investments in the environmental field, its ambition being to reduce its CO2 emissions by 30% by 2030 compared to 2017 in part by:
The Group obtained an A- rating by the CDP. Only 14% of the 5,800 companies assessed by the CDP worldwide in 2020 received an equivalent or higher rating. This result recognizes GEODIS’s approach to integrating its suppliers in efforts to reduce CO2 emissions as well as lobbying at the European Union level to define and impose stricter CO2 standards for vehicles.