News / Geodis reports 'solid' growth from record profits and a string of acquisitions

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Shipper misery has so far emanated from shipping lines and their record profits – but forwarders are also ’making hay while the sun shines’.

Today’s record profit is at Geodis, which saw revenues of €4.8bn ($5.7bn) in the first half, up 21% on 2020 and 20% up on 2019.

Ebitda was up 60%, to €458m, and the cash is being spent on reducing debt by €123m – and financing acquisitions, said the SNCF-owned forwarder.

“These solid results support our ability to invest in ...