La Poste and Geo Post's golden year
For 2020, La Poste reported revenues of EUR 31.2 billion, a rise of 20.0%, boosted by the e-commerce boom during the pandemic. Operating profit jumped by more than 250% to EUR 3.1 billion from EUR 889 in 2019, the operating margin was 10.1%.
The parcel business witnessed a revenue growth of 20.1% to EUR 2.3 billion and higher volumes (+28.8%), totalling 471 million delivered items. Geo Post’s revenue rose significantly to EUR 11 billion (up 42.1%) as did the operating profit to EUR 793 million, an increase of almost 110% compared to 2019.
Overall, the company delivered approximately 1-9 billion parcels over the period. Most European countries saw higher organic operating revenue (+37.7% in UK, +37.0% in Benelux, +28.9% in Russia, +25.6% in Poland, +19.0% in Spain and +13.7% in Germany). (sh)