Geodis, opérateur global de la chaîne logistique

PRESS RELEASE - Clichy, 25 February 2011
GEODIS 2010 RESULTS:
Strong growth in revenue and operating income:
- Revenue: up €1,557.1 million (up 31.1%)
- Operating income: up €75.4 million
Consolidated Figures (1)
(€ million)
Revenue
Operating income
2010
2009
Change
6,563.8
5,006.7
+1,557.1
35.1
-40.3
+75.4
2010 represented a substantial turnaround after the global economic crisis in 2009, when the
group reported a decline in revenue and operating income.
2010 revenue totalled €6,563.8 million, a 31.1% increase on the previous year:
- changes in scope in 2009 and 2010 generated €812.6 million in new revenue;
- exchange-rate differences between 2009 and 2010 contributed €166.2 million to
2010 revenue;
- at constant exchange rates and scope of consolidation, revenue rose 11.6% (+€578.2 million)
on 2009.
All the divisions contributed to
revenue growth, especially the
Freight Forwarding Division, which
accounts for more than one-third of
Group revenue and which posted
growth of 50.4%. That increase can
be attributed to higher freight
prices and a recovery in volumes of
air freight (+40%) and sea freight
(+22%), especially between Asia
and Europe.
Supply Chain
Optimisation
13%
Road
11%
Freight forwarding
36%
Contract Logistics
15%
Groupage &
Express
25%
Breakdown of revenues by division
For the first time, in 2010 more than 50% of the Group’s revenue was generated outside France.
As a result of business growth and simultaneous cost-cutting, Geodis reported positive operating
income in 2010. Operating income reaches €35.1 million, a €75.4 million increase on 2009.
The integration of the acquisitions made in 2009 and 2010 is proceeding according to plan.
These include IBM Global Logistics into the Group as a whole, Cooljet and Ciblex into the
Groupage & Express Division, Giraud into the Road Division, Sealogis and STSI into the Freight
Forwarding Division, and Chevallier and Bertola into the Contract Logistics Division.
In addition to acquisitions, in 2010 the Geodis group invested more than €120 million to
support sales growth, expand and improve facilities and upgrade IT systems, especially at the
Groupage & Express and Freight Forwarding Divisions.
At 31 December 2010, the Geodis group’s workforce exceeded 30,000 employees.
In a tough economic environment, where pressure on prices will remain strong, the Geodis group
looks forward to 2011 as an opportunity to pursue sales growth and increase market share while
improving profitability.
About Geodis, a global supply chain operator
A global logistics provider and wholly-owned subsidiary of SNCF Group, Geodis is a European company with a
worldwide scope, ranking number four in its field in Europe. The Group's ability to coordinate all or part of the
logistics chain (air and sea freight forwarding, groupage, express, contract logistics, transport of part and full truck
loads, reverse logistics) enables it to support its customers in their strategic, geographical and technological
developments, providing them with solutions tailored to optimising their physical and information flows. Geodis
offers a range of logistics services that meet the specific needs of each sector of the economy. Across a network
covering 120 countries, the Group's 30,000 employees offer a wealth of multicultural experience, a genuine local
service to their customers and outstanding flexibility.
Media Contacts:
Sophie Bodin
DGM Conseil
Tel.: +33 (0)1 40 70 95 93
Pascale Barillot
SNCF Geodis
Communications Director
Tel.: + 33 (0)1 56 76 72 36
[email protected]
(1) In accordance with Article L 233-17 of the French Commercial Code, the Geodis Group,
integrated into the consolidated scope of the SNCF Group, is no longer required to produce or
publish consolidated financial statements since the company’s shares were withdrawn from trading
on Eurolist Paris. The information in this press release is taken from the reporting package prepared
by Geodis for the SNCF Group’s consolidated financial statements.