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10 August 2022 The on-line newspaper devoted to the world of transports 19:57 GMT+2

August 1, 2022

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In the first half of the year, the logistics group's revenues French GEODIS increased by +34%

Operating profit up by +53%

In the first half of 2022, the GEODIS logistics group recorded revenues of 6.75 billion euros, with an increase +39% (+34% at exchange rates and scope of consolidation constant) compared to 4.86 billion in the first half of 2021. EBITDA amounted to EUR 598 million compared with EUR 458 million millions in the first six months of last year. The company has French announced that EBIT showed a clear improvement of +53% rising to 309 million euros compared to reflect - underlined the group - 'the dynamism of the activity and strict cost control in an inflationary climate'. "These good results -- said Marie-Christine Lombard, CEO of GEODIS - demonstrate the importance of our growth model and allow us to carry on the our strategy of targeted acquisitions, in an attempt to build a global and integrated network of transport and logistics hubs».

Relative to the increase in turnover in the first half of the year of this year, GEODIS has specified that the growth of +34% is was driven by all activities and in particular by the Freight Forwarding segment. In addition - the company specified transalpine - Contract Logistics continued to develop rapidly, especially in the United States, due to growth of e-commerce, while the Road Transport division recorded a good level of volumes in France and other countries and the division Distribution & Express continued to be driven by the development of e-commerce in France.

The acquisition program carried out by GEODIS has conducted in the course of 2021 to the acquisition of Pekaes in Poland and Gandon Transports and Transports Perrier in France, while this year the company signed an agreement to buy Keppel Logistics di Singapore ( of 16 October 2020, 1 December 2021 and 31 March 2022).

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