Geis Group grows in 2023 due to acquisitions

The company is now focusing on further networking with Quehenberger Logistics. Growth despite declining 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.

Six percent drop in sales

The difficult market conditions with declining volumes and low freight rates due to the ongoing economic downturn nevertheless made themselves felt. Adjusted for acquisitions, the Geis Group recorded a decline in sales of around six percent. 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, revenue returned to the level of the years before coronavirus. Sales in the Road Services business division also declined due to the economic situation, but remained at a good level overall.

The Logistics Services division, 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 wants to continue to grow in logistics in the future and has acquired suitable land 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," summarizes Hans-Wolfgang Geis, Managing Partner. "We have achieved this with customer-oriented solutions, comprehensive service and the highest quality, and not least thanks to the extraordinary commitment of our employees."

New perspectives through acquisitions

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. In addition, Geis has 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 did we get to know a team with a great spirit, but we also achieved our first joint cross-selling successes," says Jochen Geis, Managing Partner.

"Whether digitalization, 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-eastern 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."