Geopost invested heavily in sustainability, digital transformation, and out-of-home (OOH) network density in 2024, while e-commerce in the group’s main markets saw slow grow and new challenges emerged, according to Yves Delmas, CEO at Geopost.
“The positive news is that the e-commerce sector recovered in 2024,” he said. “There was also a significant rebound in almost all European countries at the end of the year. Looking at three of our biggest markets, Germany (+1.1%), France (+6%) and the UK (-2%) all saw small improvements compared to 2023, which saw significant declines.”
Delmas was speaking during Geopost’s earnings call yesterday (4 March), which revealed that in 2024 the group saw volumes and revenue increase by 2.3% and 1%, respectively, while adjusted EBIT dropped by 11%, mainly due to a tough geopolitical environment and higher wage costs.
The challenge of insourcing
