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Big Brown in good shape
Photo: UPS
UPS is reaching for the stars, approaching the threshold of USD 100 billion in annual revenues. In 2021, consolidated revenue in the CEP business increased by 15% compared to 2020, amounting to USD 97.3 billion in total. Net profit also took a leap, since adjusted operating profit was at USD 13.1 billion, up 50.8%.
The whole group's return on invested capital was 30.8%, exceeding the company’s target for the next year at this stage. UPS' Q4/2021 consolidated revenues were at USD 27.8 billion, up 11.5% compared to Q4/2020. Consolidated operating profit was USD 3.9 billion, up 91.0% compared to Q4/2020.
For the full year 2022, UPS anticipates a consolidated revenue of about USD 102 billion, an adjusted operating margin of approximately 13.7% and an adjusted return on invested capital of above 30%. The company expects to deliver its 2023 consolidated revenue and operating margin targets one year early. (sh)