Big Brown in good shape
UPS is reaching for the stars, approaching the threshold of USD 100 billion in annual revenues. In 2021, consolidated revenue in the CEP business increased by 15% compared to 2020, amounting to USD 97.3 billion in total. Net profit also took a leap, since adjusted operating profit was at USD 13.1 billion, up 50.8%.
The whole group's return on invested capital was 30.8%, exceeding the company’s target for the next year at this stage. UPS' Q4/2021 consolidated revenues were at USD 27.8 billion, up 11.5% compared to Q4/2020. Consolidated operating profit was USD 3.9 billion, up 91.0% compared to Q4/2020.
For the full year 2022, UPS anticipates a consolidated revenue of about USD 102 billion, an adjusted operating margin of approximately 13.7% and an adjusted return on invested capital of above 30%. The company expects to deliver its 2023 consolidated revenue and operating margin targets one year early. (sh)