Commenting on the annual outcomes for 2022, Marie-Christine Lombard, Chief Govt Officer of de GEODIS, stated:
“In 2022, GEODIS achieved a report degree of efficiency for the third 12 months in a row. These glorious leads to a difficult financial and geopolitical surroundings stem from the experience of our groups, the complementary nature of our numerous companies and our formidable improvement technique. I’m notably happy with the work completed by the Group’s 49,400 workers, and I wish to thank them for his or her unfailing dedication.
“Though uncertainties stay in 2023, we stay assured in GEODIS’s development prospects. Because of the variety of our companies and geographies and to our operational agility, we’re wanting ahead to 2023 with willpower. We’ll proceed to pursue our development dynamic within the service of our clients, the digitalization of our companies and the implementation of our environmental commitments, which stay one among our key priorities.”
A efficiency that confirms the Group’s strategic decisions
• Sharp improve in revenues and profitability
GEODIS reported revenues of €13.7 billion in 2022, 19% larger than in 2021. This efficiency was pushed by sustained exercise throughout all of the Group’s Traces of Enterprise and demonstrated the relevance of its enterprise mannequin.
The Freight Forwarding Line of Enterprise benefited from a good market surroundings, as freight charges remained excessive in each air and marine transport. Nonetheless, the fourth quarter of 2022 marked the top of the worth growth brought on by the pandemic. Even so, costs stay extremely risky.
The Contract Logistics Line of Enterprise noticed a pointy rise in revenues in the USA on account of enterprise improvement and development in volumes of present clients. Enterprise in Europe additionally continued to develop, regardless of an underlying decline in consumption in an inflationary surroundings as of the second semester.
The Distribution & Categorical Line of Enterprise managed to extend its volumes and its consequence by comparability with 2021 regardless of elevated manufacturing prices owing to inflation.
The Highway Transport Line of Enterprise once more loved a excessive degree of development, largely due to elevated enterprise in southern and japanese Europe.
General, this efficiency resulted in a major improve in profitability, with EBIT rising by 10% to €518 million and EBITDA standing at €1,163 million.
• Progress boosted by strategic investments
In keeping with its “Ambition 2023” plan, GEODIS carried out additional investments to strengthen its positions in core geographical zones and to develop its service choices in sure Traces of Enterprise. The Group has consolidated its built-in community of transport and logistics platforms on a worldwide scale.
In 2022, GEODIS carried out a number of focused acquisitions:
– Acquisition of Keppel Logistics, which has warehousing capability in Singapore. This operation strengthens the Group’s Contract Logistics and e-Commerce providers in Asia-Pacific.
– Acquisition of Want It Now Delivers in the USA, which operates a superb home freight community. Because of this acquisition, GEODIS has prolonged its presence on this strategic space, elevated its capabilities in contract logistics and in city logistics.
– Proposed acquisition of trans-o-flex, a specialist within the controlled-temperature transportation of pharmaceutical merchandise and a number one participant within the premium categorical transport sector in Germany. This acquisition will set up GEODIS as probably the most distinguished gamers in the important thing market of healthcare and can considerably improve its supply capabilities in Europe. Completion of this transaction is scheduled for the primary quarter of 2023.
An rising variety of decarbonization initiatives to make sure accountable development.
At GEODIS, development is predicated not solely on financial efficiency but in addition on the flexibility to regulate and scale back the environmental impression of its actions.
In 2022, GEODIS elevated initiatives to scale back carbon emissions throughout all of its Traces of Enterprise.
• Greener fleets for highway transport
GEODIS is accelerating the greening of its fleets with investments in low-carbon applied sciences. 420 biogas or electrical automobiles are at present scheduled for supply. These automobiles will allow low-carbon options to be employed for last-mile deliveries within the metropolis facilities of the 40 largest metropolitan areas in France by 2024.
GEODIS has additionally signed a partnership settlement with Renault Vans to develop electrical 16-tonne vans designed particularly for city logistics.
• Acceleration of multimodal transport
GEODIS is urgent forward with the event of rail-road options, notably to locations in Italy, bringing the variety of trains working on the European rail community to over 100 per week.
• Growth of a suggestion of other fuels for ocean and air freight
GEODIS affords its clients the choice of utilizing sustainable gasoline, which ends up in reductions in greenhouse gasoline emissions of as much as 90% for ocean and air freight. The biofuel used for aviation is processed from biomass (Sustainable Aviation Gas), whereas the choice gasoline used for marine freight is generally produced from recycled oils (Sustainable Marine Gas).
A stable outlook in an unsure surroundings
Though the present macro-economic surroundings is unsure, GEODIS’s development prospects stay stable due to the variety of its enterprise portfolio and geographic places.
Sooner or later, the Group intends to pursue its improvement and seize new markets by accelerating its digital transformation, whereas enriching its portfolio of recent choices for its clients in all components of the world.
GEODIS – www.geodis.com