Tag: Geodis

Geodis profits soar by 50%

Posted by | Mar 7, 2007 | |

Europe’s Geodis turned in net profits of EUR 48.4 million last year, up 50% on 2005. Earnings per share rose 48% to EUR 7.80 from EUR 5.25 on revenues up 5.3% to EUR 3.78 billion. The board is recommending increasing the dividend by 11% to EUR 2.45 a share.

The company said it aimed to increase revenue by 40% over the next three years and lift operating margin, currently 2.8%, to around 4%.

It performed better last year in Europe (excluding France), coming close to break-even with an operating loss of just EUR 0.5 million, reflecting recovery in Italy, where operating losses were limited to EUR 3.6 million, and improved UK results.

The company’s international region (Asia, Africa, Mexico) performed well in the second half of the year. Operating profit for the six-month period came to EUR 3.8 million, reflecting increased revenues after a difficult first half.

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Geodis – financial statements 2006

Posted by | Feb 27, 2007 | |

– Revenue up 5.3%
– Operating profit up 25%
– Attributable profit up 50%
– Dividend up 11%
– New ambitions for the period to 2009
The Board of Directors of Geodis, chaired by Pierre Blayau, met on 26 February to approve the 2006 financial statements.

(a) Adjusted in accordance with IAS 8
(b) Like-for-like growth (at constant exchange rates, based on a comparable scope of consolidation and income statement presentation): 4.6%

A robust performance in France combined with sustained growth in Germany, Eastern Europe and Asia fuelled a 5.3% increase in consolidated revenue in 2006. This was the third consecutive year of around 5% revenue growth.

Operating profit rose 24.6% to €106.4 million, representing 2.8% of revenue. Operating profit in France includes the reclassification in operating expense of the €2.0 million standard minimum corporate income tax, as well as the reimbursement of €7.9 million in VAT paid on motorway tolls in prior years.

The Europe region (excluding France) came close to break-even with an operating loss of just €0.5 million, reflecting the ongoing recovery in Italy where operating losses were limited to €3.6 million, and the improved situation in the United Kingdom.

Results in Spain were adversely affected by the problems encountered by the groupage network and by the €4.8 million in impairment charges recognized on intangible assets.

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French logistics group Geodis with strong H1 results

Posted by | Jul 26, 2006 | |

Geodis increased revenue by 7.3% (6.1% on a comparable, like-for-like basis excluding changes in exchange rates) despite an unfavourable business calendar (two fewer business days in France).

Total revenue for the first half of 2006 increased to €1,887 million from €1,759 million for the same period last year. From this €1,316.9 million was generated in France, €526.8 million in the rest of Europe and €114.7 million in Asia & the rest of the world. Asia saw the strongest increase with a growth rate of more than 35 %.

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Geodis supporting FedEx

Posted by | Jul 21, 2006 | |

The Paris (France)-based transport and logistics group Geodis, which is majority controlled by the French state railway SNCF, has signed a contract with the US-based express service provider FedEx Express. The terms of the agreement stipulate that Geodis collect and deliver consignments for FedEx Express in and around all French cities in which FedEx does not have a direct presence. The contract is valid for a three-year period commencing on 2 January 2007.

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A part of FedEx distribution in France managed by Geodis

Posted by | Jun 28, 2006 | |

FedEx chooses Geodis to perform pick up an delivery operations in France

As of January 1st, 2007, FedEx and Geodis will enter an operational agreement until 2010

FedEx Express, a subsidiary of FedEx Corp. (NYSE:FDX) and the world’s largest express transportation company, and Geodis, one of the leading companies of logistics services in Europe, signed an operational agreement for a 3 year period.

“Through this agreement Fedex acknowledges Geodis’s position as the leading domestic express network in France and a supplier with a high level of service quality, as a result of our Total Customer Satisfaction policy. We will draw on our industrial resources, exclusive Track & trace system and our commitment to permanent innovation to manage these operations”, said Denis Zimmer, Senior Vice-president French regions at Geodis.

As of January 1st, 2007 Geodis will perform through its domestic Express groupage network pick-ups and deliveries for FedEx customers in designated areas in France, not directly served by FedEx. FedEx customers will benefit from Geodis’ quality of service and extensive ground infrastructure in those areas of France.

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