Saturday 22nd Oct 2016 - Logistics Manager

Geodis turns in operating profit

Geodis produced an operating profit of 35.1m euros compared with a loss of 40.3m euros in 2009. Sales were up 31 per cent to 6.6bn euros.

The group said that all the divisions contributed to revenue growth, especially the Freight Forwarding Division, which accounts for more than one-third of group revenue and which posted growth of 50.4 per cent.

“That increase can be attributed to higher freight prices and a recovery in volumes of air freight (+40 per cent) and sea freight (+22 per cent), especially between Asia and Europe.”