Geopost results: we have chosen a path of profitable growth

Geopost has reported a 2.3% increase in global parcel volumes with 2.1 billion parcels delivered worldwide in 2024.

Increase in sales and volumes:

• 2.138 billion parcels delivered worldwide (+2.3%).
•  Sales of €15.838 billion, up 1% on 2023.
•  Operating profit of €614 million, up on 2023 which was impacted by exceptional items.

Strengthening the out-of-home network and accelerating growth in specialised and international deliveries:

• Continued ramp-up of out-of-home: A +25% growth in out-of-home volumes, supported by the development of 128,000* Pickup points in Europe, including more than 31,000 lockers.
• International delivery: Increase in cross-border intra-Europe volumes of +6.7% compared with 2023.
• Specialised delivery: Continuous development in the food segment, notably thanks to Geopost‘s temperature-controlled services which recorded a +23.8% growth in volume.

Reduction in greenhouse gas emissions for the third consecutive year**:

• A 5.4% reduction in 2024 compared with 2023, resulting in 1.73 million tonnes of CO2 equivalent.
• Continued deployment of low-emission vehicles, reaching 10,459 by the end of 2024, representing 15% of Geopost’s delivery fleet.
• In 2024, 16.3% of Geopost’s road transport kilometres were completed using alternative energy sources.

Digital transformation and data-driven excellence:

• Road network and trailer capacity optimisation, leveraging data science and AI, implemented by the VOS*** solution. Currently live at Chronopost, and later this year in Spain and Germany. By optimising both domestic and cross-border linehaul operations, the tool facilitates cost reduction and improved operational efficiency.
• Continued development of digital interfaces with Geopost’s consignees to manage their deliveries, with 31 million consumers now registered on myDPD. Geopost deployed Singular in Italy, Spain and Croatia, offering consumers the chance to discover products from local brands with unique know-how and thus opening up new business opportunities for Geopost’s SME customers. More than 300,000 visitors connected to the platform in 2024.
• Innovation driven by subsidiaries: autonomous delivery robots in 4 neighbourhoods in the UK, ergonomic scanner glove tested by DPD Switzerland.

Commenting on these results, Yves Delmas, Chief Executive Officer of Geopost, said:

“Despite a challenging and uncertain environment, marked by strong pressure on margins, we have chosen a path of profitable growth and rigorous cost performance management. In this context, we have strengthened our hybrid model maintaining a balanced share of B2B and B2C revenue and have capitalised on the dynamic growth of our strategic segments out-of-home, International and food services under controlled temperature. Geopost has been successfully investing for years in these growth drivers. In 2024, we have continued to accelerate, through a significant expansion of our locker network and cross-border out-of-home connectivity in Europe. We now offer the most comprehensive range of door-to-door and out-of-home services as a result of us having the densest network in Europe. Moreover, we remain firmly committed to our decarbonisation ambitions, achieving an absolute reduction in emissions for the third consecutive year.”

Slight increase in sales in 2024

Despite a global economic context still marked by uncertainty, Geopost recorded total sales of €15,838 billion in 2024, an increase of +1% compared with 2023.

The gradual recovery in consumer spending, supported in part by an inflation slowdown during the second half of the year, helped to stabilise business activity, particularly in Europe. However, pricing pressure and a complex geopolitical environment continued to weigh on the overall performance of the parcels/express sector.

– Parcel/express sales amounted to €13,277 billion, up +1.7%. Volumes handled totalled 2,138 billion parcels (up 2.3% on 2023), representing more than 8 million parcels delivered per day.

• The four main European markets (Germany, United Kingdom, France and Italy) accounted for 68% of total sales in 2024, with sustained growth in France (+4%) and Germany (+1.5%). Some countries recorded significant growth, notably Poland (+18.3%), Portugal (+12.0%), or Ireland (+9.0%).
• On the other hand, some markets saw a decline, notably Benelux countries (-2.3%) and BRT in Italy (-4.2%). These variations reflect the specific dynamics of each region and adjustments in the various business segments.

– Asendia, the joint venture between La Poste and Swiss Post dedicated to cross-border e-commerce and digital services for e-merchants (ESW), generated sales of €2.6 billion.

Geopost’s operating profit was €614 million, an increase of €284 million compared to 2023. Excluding change of perimeter, exchange rate effect and non-recurring items, Geopost’s operating profit decreased by €65 million, reflecting the unfavourable macro-economic environment.

In 2024, investments amounted to €402 million, mostly dedicated to sorting capacity, IT, lockers and fleet electrification infrastructure.