France’s Geodis is looking to increase its operating income (EBIT) margin from 3.8% to 6% of global revenue over the next three years, despite only stable or even declining sales which are a far cry from the peaks reached by ocean and air freight rates during the exceptional 2021-2022 period.
The plan forms part of the SNCF-owned logistics group’s recently presented Ambition 2027 strategy.
Geodis reported an 8.6% drop in revenue in the …
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