·         Revenues of €13.7 billion, up 19% compared to 2021, on a like-for-like basis, and up 68% compared to 2019[1].

·         EBIT[2] of €518 million, a 10% increase compared to 2021, on a like-for-like basis, and 90% higher than in 2019^[1].

Commenting on the annual results for 2022, Marie-Christine Lombard, Chief Executive Officer of de GEODIS, said:

“In 2022, GEODIS achieved a record level of performance for the third year in a row. These excellent results in a challenging economic and geopolitical environment stem from the expertise of our teams, the complementary nature of our various businesses and our ambitious development strategy. I am particularly proud of the work accomplished by the Group’s 49,400 employees, and I would like to thank them for their unfailing commitment.

“Although uncertainties remain in 2023, we remain confident in GEODIS’s growth prospects. Thanks to the diversity of our businesses and geographies and to our operational agility, we are looking forward to 2023 with determination. We will continue to pursue our growth dynamic in the service of our customers, the digitalization of our businesses and the implementation of our environmental commitments, which remain one of our key priorities.”

A performance that confirms the Group’s strategic choices

• Sharp increase in revenues and profitability

GEODIS reported revenues of €13.7 billion in 2022, 19% higher than in 2021. This performance was driven by sustained activity across all the Group’s Lines of Business and demonstrated the relevance of its business model.

The Freight Forwarding Line of Business benefited from a favorable market environment, as freight rates remained high in both air and marine transport. Nonetheless, the fourth quarter of 2022 marked the end of the price boom caused by the pandemic. Even so, prices remain highly volatile.  

The Contract Logistics Line of Business saw a sharp rise in revenues in the United States as a result of business development and growth in volumes of existing customers. Business in Europe also continued to grow, despite an underlying decline in consumption in an inflationary environment as of the second semester.  

The Distribution & Express Line of Business managed to increase its volumes and its result by comparison with 2021 in spite of increased production costs owing to inflation.

The Road Transport Line of Business again enjoyed a high level of growth, largely because of increased business in southern and eastern Europe.

Overall, this performance resulted in a significant increase in profitability, with EBIT increasing by 10% to €518 million and EBITDA[3] standing at €1,163 million.

• Growth boosted by strategic investments

In line with its “Ambition 2023” plan, GEODIS carried out further investments to strengthen its positions in core geographical zones and to expand its service offerings in certain Lines of Business. The Group has consolidated its integrated network of transport and logistics platforms on a worldwide scale.

In 2022, GEODIS carried out several targeted acquisitions:

• Acquisition of Keppel Logistics, which has warehousing capacity in Singapore. This operation strengthens the Group’s Contract Logistics and e-Commerce services in Asia-Pacific.
• Acquisition of Need It Now Delivers in the United States, which operates an excellent domestic freight network. Thanks to this acquisition, GEODIS has extended its presence in this strategic area, increased its capabilities in contract logistics and in urban logistics.
• Proposed acquisition of trans-o-flex, a specialist in the controlled-temperature transportation of pharmaceutical products and a leading player in the premium express transport sector in Germany. This acquisition will establish GEODIS as one of the most prominent players in the key market of healthcare and will significantly enhance its delivery capabilities in Europe. Completion of this transaction is scheduled for the first quarter of 2023.

An increasing number of decarbonization initiatives to ensure responsible growth.

At GEODIS, growth is based not only on economic performance but also on the ability to control and reduce the environmental impact of its activities.

In 2022, GEODIS increased initiatives to reduce carbon emissions across all of its Lines of Business.

• Greener fleets for road transport

GEODIS is accelerating the greening of its fleets with investments in low-carbon technologies. 420 biogas or electric vehicles are currently scheduled for delivery. These vehicles will enable low-carbon solutions to be employed for last-mile deliveries in the city centers of the 40 largest metropolitan areas in France by 2024.

GEODIS has also signed a partnership agreement with Renault Trucks to develop electric 16-tonne trucks designed specifically for urban logistics.

• Acceleration of multimodal shipping

GEODIS is pressing ahead with the development of rail-road solutions, particularly to destinations in Italy, bringing the number of trains running on the European rail network to over 100 per week.

• Development of an offer of alternative fuels for ocean and air freight

GEODIS offers its customers the option of using sustainable fuel, which results in reductions in greenhouse gas emissions of up to 90% for ocean and air freight. The biofuel used for aviation is processed from biomass (Sustainable Aviation Fuel), while the alternative fuel used for marine freight is mostly produced from recycled oils (Sustainable Marine Fuel).

A solid outlook in an uncertain environment

Although the current macro-economic environment is uncertain, GEODIS’s growth prospects remain solid thanks to the diversity of its business portfolio and geographic locations.

In the future, the Group intends to pursue its development and capture new markets by accelerating its digital transformation, while enriching its portfolio of new offerings for its customers in all parts of the world.

GEODIS – www.geodis.com

GEODIS is a leading global logistics provider acknowledged for its expertise across all aspects of the supply chain. As a growth partner to its clients, GEODIS specializes in five lines of business: Supply Chain Optimization, Freight Forwarding, Contract Logistics, Distribution & Express, and Road Transport. With a global network spanning nearly 170 countries and more than 49,400 employees, GEODIS is ranked world no. 6 in its sector. In 2022, GEODIS generated €13.7 billion in revenue. GEODIS is a company owned by SNCF group.

[1] On a like-for-like basis; the reference to 2019 is provided to allow comparison with a normal year unaffected by Covid.

[2] Earnings before interest and taxes

[3] Earnings before interest, taxes, depreciation and amortization

By the end of 2022, GEODIS had received the IATA CEIV Pharma certification in 7 additional sites in EUROPE on top of the already existing site in Amsterdam, Netherlands.

Having this certification ensures that facilities, equipment, operations and staff comply with the appropriate applicable standards, guidelines and regulations expected from a pharmaceutical manufacturer. This industry-wide standard aims to extend industry best practice and achieve a globally acceptable standardization. By forming a common baseline from existing regulation and standards, this certification ensures international and national compliance to safeguard  product integrity while addressing specific air cargo needs in pharma logistics.

Pharma projects for GEODIS are looking extremely promising entering 2023 and will benefit further from IATA CEIV certification at the following sites in the EUROPE region: London, UK; Manchester, UK; Frankfurt, Germany; Arlanda, Sweden; Budapest, Hungary; Warsaw, Poland; Brussels, Belgium; and the already validated site in Amsterdam, Netherlands, which gained certification in December, 2021.

Thomas Kraus, GEODIS’ President & CEO of the EUROPE Region said, “Having 8 sites CEIV-certified within 1 year demonstrates the commitment of the EUROPE Region of GEODIS to pharma logistics excellence. Our goal is to be an essential part of the growing GEODIS pharma network worldwide for the sole benefit of our pharma customers and the patients using their products.”

GEODIS – www.geodis.com  

GEODIS is a leading global logistics provider acknowledged for its expertise across all aspects of the supply chain. As a growth partner to its clients, GEODIS specializes in five lines of business: Supply Chain Optimization, Freight Forwarding, Contract Logistics, Distribution & Express, and Road Transport. With a global network spanning nearly 170 countries and more than 44,000 employees, GEODIS is ranked no. 7 in its sector across the world. In 2021, GEODIS generated €10.9 billion in revenue.

The pilot program seeks to establish more sustainable road networks for freight forwarding in Australia

GEODIS, a global leader in the transport and logistics sector, has joined hands with Volvo Australia to pilot the first Fully Electric (FE) variant truck for freight forwarding within the Australian market. This strategic partnership will deploy Volvo’s FE model trucks – powered by both solar energy and energy-efficient charging systems – as part of a concerted effort to support long-term customers with sustainable delivery solutions to complement existing freight forwarding services across the local market.

The Volvo FE truck is powered by ABB’s state-of-the-art charging infrastructure, which not only accelerates charging but also enables the vehicle to draw power from existing solar infrastructure. As part of the pilot program, GEODIS will be assessing factors, including the driving range, the suitability for heavy loads of up to 7,500 kilograms to be transported across 200-kilometer ranges within metropolitan areas via FE trucks before committing to a larger-scale roll-out across its fleet in Australia. The full integration of these trucks into GEODIS’ Australian fleet is set to completely remove fine particles and nitrogen oxide, in addition to ensuring a 95 percent reduction in direct carbon emissions, compared to existing diesel vehicles performing the same function.

“We recognize the growing importance of integrating both sustainable and innovative solutions into the supply chain ecosystem, especially as more of our customers look to us to transport their cargo in an ethical and sustainable manner,” said Stuart Asplet, Sub-Regional Managing Director, Pacific at GEODIS. “This initiative serves not only as a testament to our long-standing relationship with Volvo but also to our collective vision to decarbonize the supply chain industry, even as we continue to expand our services to meet evolving customer needs. We look forward to formalizing many more of such milestones as we continue to take steps forward to reduce our impact on the environment.”

As part of a long-term plan to decarbonize the supply chain, GEODIS has also built a robust ecosystem to ensure future FE trucks can be fully optimized across its road network. With the support of Volvo Australia’s e-mobility team, GEODIS has upskilled its drivers with electric-vehicle training and designed holistic route and load planning processes to get the most efficient use of the assets. Partners like Goodman Group were also brought on board to install solar panels and charging infrastructure across GEODIS’ facilities, paving the way for the further electrification of the GEODIS fleet.

“We are thrilled to be working with GEODIS on this pilot program to extend our Volvo FE fleet within the Australian heavy vehicle market. Bringing low-carbon and more circular transport solutions has always been a key priority for us, and this strategic partnership is one of the many steps that we are taking to build a more energy-efficient transport ecosystem for the market. By developing lower-emissions and safer transport solutions, we hope to be able to provide our customers and their stakeholders the ability to also reach their sustainability targets,” said. Tim Camilleri, Electromobility Manager, Volvo Group Australia

GEODIS has also been ramping up the implementation of other low-carbon transport systems, including building efficient, multimodal transport networks – that tap into the use of rail, short sea shipping, and inland waterways – and fully optimizing the volume and payload of fleets. GEODIS has also launched its Sustainable Fuel Program worldwide, which aims to accelerate the use of alternative and renewable fuels, including marine fuels, to reduce greenhouse gas emissions.   

GEODIS – www.geodis.com  

GEODIS is a leading global logistics provider acknowledged for its expertise across all aspects of the supply chain. As a growth partner to its clients, GEODIS specializes in five lines of business: Supply Chain Optimization, Freight Forwarding, Contract Logistics, Distribution & Express, and Road Transport. With a global network spanning nearly 170 countries and more than 44,000 employees, GEODIS is ranked no. 7 in its sector across the world. In 2021, GEODIS generated €10.9 billion in revenue.