Geodis has seen record performance in the first half of 2021, with revenues of €4.8 billion, (£4.1 billion).
The amount of operating cash flow has enabled the company to finance acquisitions while reducing net financial debt, compared to June 2020 (-€123 million).
The growth in profits was driven by increasing e-commerce activities across 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, and contract logistics.
Geodis has recently made several acquisitions, including Gandon Transports, CondiServices, Velocity Freight Transport, and others.
Marie-Christine Lombard, Chairman of GEODIS’ Executive Board said:“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.