The global supply chain operator, GEODIS has achieved targets of its “Ambition 2023” plan two years ahead of schedule.

The revenues amount to €10.9bn, +28% compared to 2020 and +33% compared to 2019, at constant perimeter and exchange rate. Alongside the EBITDA1 which is €948m, 33% above the 2020 level and 38% higher than in 2019. In addition to a stronger generation of operating cash flow leading to a substantial reduction in net debt.

Marie-Christine Lombard, Chief Executive Officer, GEODIS, stated :

“In 2021, GEODIS met the targets of its ‘Ambition 2023’ strategic plan two years ahead of schedule, both in terms of revenue and EBITDA. This performance validates the Group strategy and confirms the value creation for its shareholder, SNCF.”

“In less than 10 years, GEODIS, the French leader, has become the 4th largest European player in the logistics sector and the 7th largest in the world, with revenues that have grown by more than 50% and an operating margin that has increased fivefold during this period. I would like to thank our customers for their trust (89% satisfaction rate), as well as our employees for their unwavering commitment to the Group (80% satisfaction rate).”

A historic year for GEODIS in a favourable market environment

• Revenue of €10.9bn, +33% compared to 2019 on a like-for-like basis2 (+28% compared to 2020), driven by sustained activity across all the Group’s Lines of Business and regions. In particular

The Freight Forwarding Line of Business benefited from a very positive market environment owing to a favourable price effect and increased volumes.

Its revenue in 2021 stood at €4.9 billion, +66% compared to 2019. In a context of extreme tension in the air and sea freight market, 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 program and launching a dedicated cargo aircraft.

• Record results, well above pre-pandemic levels: post-IFRS 16 EBITDA rose by +38% compared to 2019 (+33% versus 2020) to €948m, resulting in an EBITDA margin of 8.7% thanks to the combined effect of relevant commercial initiatives, strong operational performance, and tight cost management.
• Sound financial position: strong generation of operating cash flow, allowing a substantial reduction in net debt and a leverage ratio below 1x.