The French transport and logistics group Geodis has reported revenues of US$12.2 billion (€10.9 billion) in 2021, achieving an increase of 28% over 2020 figures, and 33% compared to 2019 pre-pandemic levels.
The company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) reached US$1.059 billion (€948 million), which translates to a year-on-year growth of 33% compared to 2020, as well as a 38% growth compared to 2019.
“In 2021, Geodis met the targets of its ‘Ambition 2023’ strategic plan two years ahead of schedule, both in terms of revenue and EBITDA,” said Marie-Christine Lombard, CEO of Geodis.
Particularly, in 2021 the French group carried out investments, in line with its “Ambition 2023” plan, that contributed to sustainable growth, both through external growth operations and the acquisition of transport and logistics capacities.
During the last year, Geodis completed several acquisitions, such as Pekaes and Transport Perrier to meet customer demand with an enhanced service offering.
The group’s Distribution & Express Line of Business has also expanded its offer in the healthcare sector through the acquisition of Gandon Transports, a player in the transport of temperature-controlled pharmaceutical products in France.
Moreover, Geodis has ramped up the implementation of low-carbon and carbon-free transport solutions, as part of its objective to reduce its CO2 emissions by 30% until 2030, compared to 2017 levels.
Lombard said that in less than 10 years, Geodis has become the fourth largest European player in the logistics sector and the seventh largest in the world, with revenues that have grown by more than 50% and an operating margin that has increased fivefold during this period.
Meanwhile, Geodis managed to secure transport capacities to ensure the continuity of its customers’ supply chains, by chartering vessels and securing long-term shipping capacity between Asia and Europe, strengthening its air charter programme and launching a dedicated cargo aircraft.
“In 2022, Geodis will continue implementing the three pillars of its strategic ambition: the development of an end-to-end service offering for freight delivery, the strengthening of its e-commerce logistics offering, and a policy of targeted investments in both strategic assets and acquisitions to bolster our presence in key countries,” concluded the company’s CEO.
