News / No plans to sell Geodis – it can compete with anyone, says SNCF chief

Credit Geodis

French logistics operator Geodis “has sufficient size to compete with the leading players” in the sector, according to the head of parent company, SNCF.

Chairman and CEO Jean-Pierre Farandou ruled out any prospect of a sale of its subsidiary, which he said had become “a pillar of the French railway’s global offering”.

Geodis reported record revenues in 2021, with sales up 28% on a like-for-like basis compared with 2020, at €10.9bn ($11.9bn), and up 33% versus 2019.

Ebitda totalled €948m, 33% above 2020 ...