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  Report 2006

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Les sociétés

Revenue for the full year was up 26.4% on a reported basis and 5.4% like-for-like, lifted by the Group's very strong third quarter performance and sustained growth in the fourth quarter.


All business divisions contributed to the increase.

1. Groupage revenue (37% of the consolidated total) rose 5.3% like-for-like in 2007 compared with the previous year. Groupage France revenue was 7.2% higher like-for-like, at €1,426.0 million. Volumes continued to grow in the second half, while price rises, mainly to pass on the higher diesel costs, also contributed to the increase. Euromatic and the Groupage businesses in other European countries contributed €360.1 million to consolidated revenue, down 5.2% compared with 2006. The decline was mainly due to the discontinuation of loss-making operations in Germany and the December strike by Italian road hauliers.

2. The Freight Forwarding division, including Wilson from February 2007, reported revenue up 109.4% over the year, including like-for-like growth of 10.3%. The integration of Wilson doubled the size of the network and enabled Geodis to acquire significant positions in Asia, where revenue grew 32% like-for-like to €441 million, and also in the Nordic countries, which contributed €416.5 million. In Southern Europe, Geodis continued to build on its existing strong positions, generating revenue of €663.9 million, an increase of 8.7% like-for-like. This satisfactory growth rate was achieved despite the temporary disruption caused by the merger of the Geodis and Wilson networks. The Group considers that the operational integration of Wilson is now complete.

3. Contract Logistics revenue for 2007 rose 4.4% on a reported basis and 4.1% like-for-like. The rapid expansion of automotive logistics business and the start-up of new contracts in the second half helped to lift revenue for the year to €832.7 million.

4. Full Truckload revenue – corresponding mainly to Geodis BM's road haulage operations – totalled €584.7 million, unchanged from the previous year's like-for-like. Revenue from new contracts that began in the second half offset the "lost" revenue from terminated contracts and lower chemicals volumes in the first half.