Independent journal on economy and transport policy
23:48 GMT+2
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In the first half of the year, the revenues of the logistics group French GEODIS increased by +34%
Operating profit up by +53%
August 1, 2022
Relative to the increase in turnover in the first half of the year of this year, GEODIS has specified that the growth of +34% is was driven by all activities and in particular by the Freight Forwarding segment. In addition - the company specified transalpine - Contract Logistics continued to develop rapidly, especially in the United States, due to growth of e-commerce, while the Road Transport division recorded a good level of volumes in France and other countries and the division Distribution & Express continued to be driven by the development of e-commerce in France.
The acquisition program carried out by GEODIS has conducted in the course of 2021 to the acquisition of Pekaes in Poland and Gandon Transports and Transports Perrier in France, while this year the company signed an agreement to buy Keppel Logistics di Singapore ( of 16 October 2020, 1 December 2021 and 31 March 2022).
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