Geopost’s subsidiaries in Spain, SEUR and TIPSA, recently disclosed their financial results for the fiscal year 2023, showing robust performances. Both entities achieved a combined turnover of 1.1 billion euros and collectively handled 155 million packages throughout the year.
SEUR, a leader in express transport services in Spain, reported a turnover of €920m for 2023, marking a 3.4% increase from the previous year. The company’s delivery volume reached 123m packages, underscoring its significant market presence. Notably, SEUR experienced growth in e-commerce, with a turnover of €420m, and international shipments, amounting to €305m.
SEUR’s specialised cold division witnessed 15% growth, reflecting a sustained demand for temperature-controlled shipping solutions. David Sastre, CEO of SEUR, highlighted the company’s resilience in navigating inflationary pressures, attributing its success to strategic international expansion and a steadfast commitment to service excellence.
Looking forward, SEUR aims to expand its service footprint by increasing its Pickup points nationwide to 8,000, including 1,500 lockers, by 2024, aligning with its sustainability objectives and enhancing customer convenience.
Meanwhile, TIPSA reported a 4.7% growth in turnover, achieving €180m euros for 2023. With 32m packages transported, TIPSA reaffirmed its position as a key player in the Spanish logistics sector. The company’s TIPSA Healthcare division continued to thrive, serving critical sectors such as pharmaceuticals, laboratories, and dental services.
María Luisa Camacho, CEO of TIPSA, emphasised the company’s commitment to quality and service excellence, which she believes underpins its sustained growth amidst challenging market dynamics. TIPSA’s initiatives to reduce its environmental impact, including the use of recycled plastics for packaging and expanding recycling programs, align with Geopost’s broader sustainability objectives.
Source: SEUR
