GeoPost/DPDgroup reports growing half-year revenues in a challenging environment

GeoPost/DPDgroup reports growing half-year revenues in a challenging environment

GeoPost/DPDgroup has reported a ‘solid’ operating performance for the first half of 2022, with a €7.5 billion revenue that was up 4.5% year-on-year and more than one billion parcels delivered worldwide.

In a statement issued on Friday (29 July), the group said that the result “demonstrated the relevance” of the Together & Beyond strategy plan first implemented last year which is based on “three pillars”: expand core activities, accelerate initiatives in strategic segments and conquer new horizons.

The company said that total volumes are “slightly down” 2% year-on-year – but the first half of 2021 saw a record parcel delivery throughput as a result of the COVID-19 lockdowns.

Commenting on the result, Yves Delmas, Chief Executive Officer of GeoPost/DPDgroup, said: “In a challenging environment, GeoPost/DPDgroup has recorded a solid operating performance. I am grateful to our teams, who have demonstrated a great ability to adjust to changing economic circumstances during the first half of the year. In this context, those first six months have also been marked by the development of strategic initiatives for us, such as out of home delivery, food delivery and sustainability.”

Focusing on the delivery of its Together and Beyond strategy, the company said that the “deployment of out-of-home delivery services is accelerating in several of the key countries where GeoPost/DPDgroup and its subsidiaries are present” – and as a result it “now offers 10,000 more Pickup points than at the end of 2021, reaching almost 75,000 Pickup points worldwide”.

The group’s locker network has been growing with launches in Slovakia and the Netherlands, and further expansion in the Baltics, Czech Republic, France, Portugal, Spain and Poland

The group continued to roll out its food delivery offering, with a rapid development’ of its platforms: SEUR Frio in Spain, Chronofresh in France, DPD fresh in Belgium and BK in the Netherlands. GeoPost/DPDgroup added it aims to accelerate its strategy in the food segment by “expanding its temperature control offer in new countries such as in Poland, Lithuania, Portugal and Italy”.

GeoPost/DPDgroup also reported that it has finalised the acquisition of CitySprint, the UK-based same day delivery network, and increased its shareholding in Aramex to 28%.

The group wrapped up its half-year report card with an update on its decarbonisation progress, noting that “as of 30 June 2022, 6,347 low emission vehicles have been deployed in 231 European cities, along with nearly 2,700 charging points and 118 urban depots”.

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