Business · Companies · 2 hrs ago
GLS Spain revenue rose 12% to €620 million in its last fiscal year
GLS Spain brought in €620 million in the fiscal year that ended in March, up 12% from the year before.
It handled nearly 160 million parcels, 15% more than in the previous year.
The company says revenue grew more slowly than parcel volumes because its different business segments have different average prices.
In the current fiscal year, sales are growing at a high single-digit rate, but GLS expects growth to moderate compared with last year.
The company links the slowdown partly to EU charges on low-value parcels, which have reduced imports from some Chinese customers, including Shein, Temu and AliExpress.
Meanwhile, deliveries through parcel shops and lockers have grown to 20% of GLS parcels, compared with 5% in 2023.
GLS plans to reach 1,250 lockers in Spain by the end of the current fiscal year, up from 900 now.
GLS generated €620 million in revenue in Spain in its last fiscal year, a 12% increase from the previous year.
The fiscal year ended in March, and GLS handled nearly 160 million packages, up 15%.
GLS Spain director Roberto Martínez said sales in the current fiscal year are growing at a high single-digit rate so far.
He expects growth to moderate, citing lower import volumes from some Chinese customers after European Union tariffs on low-value packages.
GLS plans to increase its locker network in Spain from 900 units to 1,250 by the end of the current fiscal year.
- Who
- GLS Spain, led by director Roberto Martínez.
- What
- Revenue rose 12% to €620 million in its last fiscal year. The company handled nearly 160 million packages.
- When
- The last fiscal year ended in March. The current fiscal year is more than halfway complete.
- Where
- Spain.
- Why
- The sources link the difference between revenue and package-volume growth to the business mix. Martínez said EU tariffs on low-value packages have reduced imports from some Chinese customers, contributing to an expected moderation in growth.
This story does not have two clearly opposing sides.
Convenience points handled 5% of GLS’s delivered packages.
GLS recorded €620 million in Spanish revenue and handled nearly 160 million packages.
GLS reported high single-digit sales growth so far and planned to increase its lockers to 1,250 by year-end.
- Revenue
- €620 million in Spain
- Revenue growth
- 12% year over year
- Packages handled
- Nearly 160 million, up 15%
- Current locker network
- 900 units
- Planned locker network
- 1,250 units by the end of the current fiscal year
What people are saying
I think [in the current fiscal year] we are not going to grow at the levels we grew the previous year. It will moderate a little.
In certain Chinese customers, such as Shein, Temu or AliExpress, their import volumes to Spain have fallen as a result of these tariffs.
The trend is that demand will continue to increase.