Independent journal on economy and transport policy
12:21 GMT+1
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UPS closes 2021 with record annual and quarterly financial results
Annual revenues increased by +15.0%
February 1, 2022
If last year the increase in the group's turnover US has not been three-digit percentages like those of many liner shipping companies, however it turned out very substantial: UPS, in fact, recorded record revenues equal to 97.3 billion dollars, with a progression of +15.0% on 2020, of which 60.3 billion generated by deliveries at national level (+12.7%), 19.5 billion from international deliveries (+22.6%) and 17.4 billion dollars from other logistics services (+14.8%). Operating profit and net profit also reached new peaks historical being amounted respectively to 12.8 billion dollars (+66.7%) and 12.9 billion dollars (+859.8%).
Even the fourth quarter of 2021 alone was a record period for UPS. In the quarter traditionally of greater activities for the group revenues amounted to 27.8 billions of dollars, with a rise of +11.5% on the period October-December of 2020 when the previous one was marked quarterly historical peak. Domestic deliveries alone produced revenues of 17.7 billion dollars (+12.4%), those international to 5.4 billion dollars (+13.1%), while the revenues generated by other logistics solutions have totaled 4.7 billion dollars (+6.7%). Operating profit was 3.9 billion dollars (+91.0%) and the net profit of 3.1 billion compared to a net loss of -3.3 billion dollars recorded in the last quarter of 2020.
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If last year the increase in the group's turnover US has not been three-digit percentages like those of many liner shipping companies, however it turned out very substantial: UPS, in fact, recorded record revenues equal to 97.3 billion dollars, with a progression of +15.0% on 2020, of which 60.3 billion generated by deliveries at national level (+12.7%), 19.5 billion from international deliveries (+22.6%) and 17.4 billion dollars from other logistics services (+14.8%). Operating profit and net profit also reached new peaks historical being amounted respectively to 12.8 billion dollars (+66.7%) and 12.9 billion dollars (+859.8%).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
