Geis Group grows significantly in 2023

The Geis Group grew significantly in 2023 due to acquisitions and generated a turnover of 1.89 billion euros. Due to the difficult market environment, the volume of the internationally active logistics company fell by six per cent. Nevertheless, the Geis Group is satisfied with the result. The focus is now on further networking with Quehenberger Logistics.

Historic growth despite a decline in volumes - this is what the Geis Group achieved with the majority takeover of Quehenberger Logistics in the last financial year 2023. While the company recorded net sales of EUR 1.335 billion in 2022, this figure rose to EUR 1.89 billion in 2023. The Geis Group employs around 9,700 people in 13 countries.

Solid result despite difficult market environment

Nevertheless, the difficult market conditions with declining volumes and low freight rates due to the ongoing economic downturn also made themselves felt at the Geis Group. Adjusted for acquisitions, the Geis Group recorded a decline in sales of around six per cent. As expected, the Air + Sea Services business segment was particularly affected. Following the pandemic-related boom in 2021 and 2022, freight rates for shipping companies and airlines fell. In 2023, sales levelled off again at the level of the years before coronavirus.

Sales in the Road Services business division also fell due to the economic situation, but remained at a good level overall. The Logistics Services business segment, in which the Geis Group bundles its contract logistics solutions, achieved a double-digit increase in sales - growth was driven by new customer projects and contract extensions. Geis intends to continue growing in logistics in the future and has acquired suitable properties in 2023.

"Against the backdrop of difficult market conditions, we can look back on a satisfactory year in terms of turnover and earnings - and that also applies to Quehenberger," summarises Hans-Wolfgang Geis, Managing Partner. "We have achieved this with customer-centred solutions, comprehensive service and the highest quality, and not least thanks to the extraordinary commitment of our employees."

Driving the transformation forward

A year ago, the Geis Group acquired a majority stake in Quehenberger Logistics. During the course of the year, the Quehenberger management was appointed to the Geis Executive Board. Geis also strengthened its own corporate structures and expanded its top management.

This acquisition, by far the largest in the company's history, opens up many new perspectives for both companies. "Not only have we got to know a team with a great spirit, but we have also achieved our first joint cross-selling successes," says Jochen Geis, Managing Partner. "Whether digitalisation, automation or sustainability: together, we are now consistently driving forward the transformation of the Group."

With the takeover, the Geis Group has taken a major step in its expansion strategy towards south-east Europe. "We have significantly expanded our presence in these markets," says Hans-Wolfgang Geis. "Our customers now benefit from a highly professional network that covers almost all regions in Central and Eastern Europe."

One of the Group's focal points is sustainability: Geis and Quehenberger's goal is to become climate-neutral by 2040. On the way there, Geis has put its first sustainable handling terminal into operation in 2023, connected the first two photovoltaic systems to the grid and integrated electric lorries into the fleet. Both Geis and Quehenberger are also increasingly focussing on the biogenic fuel HVO instead of diesel and have already secured large quantities of it in order to reduce the CO2 emissions of their truck fleets.

Joint strategy - best prospects

In order to make optimum use of its potential in the future, the Geis Group is systematically continuing to expand its networks, optimise processes and dovetail with Quehenberger. "In the next one to two years, we will be focussing on developing and implementing a joint strategy," says Jochen Geis. "We want to push for 'best of both' in all areas and initiate new projects. We will also continue to invest heavily in sustainability, digitalisation and automation in the future - as well as in land and buildings. This will create the best basis for future growth."

About the Geis Group

The Geis Group, headquartered in Bad Neustadt, Franconia, has developed into a global full-service logistics provider since it was founded in 1945. The owner-managed company offers its customers the complete range of logistics services: from classic lorry transport to global air and sea freight and complex logistics services.

Further information: www.geis-group.com

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Company contact:
Hans Geis GmbH + Co KG
Internationale Spedition
Michaela Freytag
Head of Marketing & Communication
Phone: +49 9771 603-680
E-mail: Michaela.Freytag@Geis-Group.de
Rudolf-Diesel-Ring 24
97616 Bad Neustadt a.d. Saale

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