Undervalued ID Logistics? More likely the diner than dinner
Great business case, but what’s the back-up?
The world’s largest pure-play contract logistics operator, GXO Logistics, recorded a 20% increase in annual revenues in 2024 over 2023, to $11.7bn.
Adjusted EBITDA for 2024 was $815m, compared with $741m for 2023.
“In 2024, GXO delivered record revenue and adjusted EBITDA, and drove strong operating return on invested capital,” said CEO Malcolm Wilson.
“We also accelerated our organic growth sequentially throughout the year and closed more than $1bn of new business wins for the second consecutive year,” he added.
Growth accelerated in the ...
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