European parcel delivery and e-commerce service provider Geopost has reported a 2.3% year on year increase in parcel volumes in 2024, delivering 2.1 billion parcels worldwide.
The company’s 2024 annual results also show sales were up 1% year-on-year to €15.8bn (US$16.9bn) and operating profit reached €614m (US$656m).
Geopost continued to grow its out-of-home volumes in 2024, rising 25% compared to the previous year and supported by the development of 128,000 Pickup points in Europe, including more than 31,000 lockers. It also saw its cross-border intra-Europe volumes rise 6.7% compared with 2023.
The annual report also showed Geopost has reduced its greenhouse gas emissions for the third consecutive year, with a 5.4% reduction in 2024 compared to 2023, resulting in 1.73 million metric tons of CO2 equivalent. The operator continued to deploy low-emission vehicles – there were 10,459 such vehicles by the end of 2024 (15% of the delivery fleet) and 16.3% of Geopost’s road transport kilometers were completed using alternative energy sources in 2024.
Commenting on these results, Yves Delmas, chief executive officer of Geopost, said, “Despite a challenging and uncertain environment, marked by strong pressure on margins, we have chosen a path of profitable growth and rigorous cost performance management. In this context, we have strengthened our hybrid model maintaining a balanced share of B2B and B2C revenue and have capitalized on the dynamic growth of our strategic segments out-of-home, international and food services under controlled temperature.
“Geopost has been successfully investing for years in these growth drivers. In 2024, we have continued to accelerate, through a significant expansion of our locker network and cross-border out-of-home connectivity in Europe. We now offer the most comprehensive range of door-to-door and out-of-home services as a result of us having the densest network in Europe.
“Moreover, we remain firmly committed to our decarbonization ambitions, achieving an absolute reduction in emissions for the third consecutive year.”