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GeoPost, the little-known nugget of La Poste which compensates for the fall in mail

2021-03-02T09:11:00.866Z

FOCUS - The parcel delivery subsidiary, already present in 47 countries, wants to double in size by 2025. Its profits have doubled in 2020.



"GeoPost will exceed the 10 billion euros turnover mark over the year"

, argued in July 2020 Boris Winkelmann, CEO of this subsidiary of La Poste.

This parcel delivery specialist did better than keep its promise: in 2020, its revenues reached 11 billion thanks to a 42% growth in activity.

"We had to adapt very quickly to the pandemic, set up contactless delivery

," says Boris Winkelmann.

In March, our volumes fell by 30%.

But, from Easter, there was a rebound with historic performances. ”

As a result, the king of parcels for companies and individuals weighs more (35%) in the activity of La Poste than its historic business, mail (18.7%).

Read also:

The plunge in mail forces the Post Office to review its model

However, this name does not mean anything to the general public.

And for good reason.

In the 47 countries where it deploys its services, the company operates under local brands: Chronopost, Chronofresh and Stuart in France, DPD in Germany and the United Kingdom, Seur in Spain, etc.

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Source: lefigaro

All business articles on 2021-03-02

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