ID Logistics: Rebound in Revenues Growth in Q3 2023
24 Oktober 2023 - 5:45PM
Business Wire
- Revenues for Q3 2023: €696.0m, +9.7% (+7.5%
like-for-like)
- Good revenues momentum with the signing of new
contracts
Regulatory News:
ID Logistics (ISIN: FR0010929125, Mnemo: IDL) (Paris:IDL), a
European leader in contract logistics, today announced its revenues
for the third quarter of 2023.
Eric Hémar, Chairman and CEO of ID Logistics, comments: "As
expected, ID Logistics revenues growth rebounded sharply in the 3rd
quarter, driven by the start-up of significant projects in several
of our key countries. The Group is well positioned to continue this
acceleration by the end of the year".
Revenues, in €m
2023
2022
Change
Change on a like-for-like
basis
3rd quarter
696.0
634.7
+9.7%
+7.5%
Total 9 months
1,984.6
1,803.1
+10.1%
+5.4%
*see definition in appendices
ACCELERATED REVENUES GROWTH IN Q3 2023: +9.7% (+7.5% ON A
LIKE-FOR-LIKE BASIS)
ID Logistics recorded revenues of €696.0 million in the 3rd
quarter of 2023, up +9.7%. This performance includes the revenues
of Spedimex, a company acquired in Poland and consolidated since
June, 1st 2023. Restated for this scope of consolidation effect and
for a generally unfavorable currency effect in the last quarter,
like-for-like growth was +7.5% compared with the 3d quarter of
2022. Particularly noteworthy in the quarter under review were:
- Solid momentum in the United States, with growth of
+15.1%;
- 11.0% like-for-like revenues growth in Europe, excluding
France, driven in particular by Poland, Italy and the opening of
the United Kingdom;
- A 4.5% drop in revenues in France, in line with previous
quarters marked by weak consumer volumes.
ID Logistics thus ended the first 9 months of 2023 with revenues
of €1,984.6 million, up +10.1%, of which +5.4% on a like-for-like
basis. Since the beginning of the year, ID Logistics has started up
17 new projects.
NEW CONTRACTS
ID Logistics continued to respond to a sustained number of calls
for tender during the 3rd quarter of 2023.
For example, the Group won or started up the following new
contracts:
- In France, Galeries Lafayette has chosen to outsource its
contract logistics activities, entrusting ID Logistics with the
management of a 45,000 sq.m. site and 127 employees near Lyon. ID
Logistics will use the same site and the same IT tools to manage
in-store and e-commerce deliveries for France and abroad.
- Following on from the acquisition of Spedimex in Poland and the
opening of an operation in the UK, one of the world's leading
fashion companies is rolling out its new partnership with ID
Logistics. Two new activities have been entrusted to the Group: one
in Spain, on a 60,000 sq.m. site with 700 employees in the Zaragoza
region, and one in Poland on a 120,000 sq.m. site with 3,000
employees north of Katowice.
- In the United States, ID Logistics has started up a new
activity on an 86,000 sq.m. site based in Pennsylvania for one of
its main customers, a global e-commerce giant.
- ID Logistics has also been chosen by a world leader in the food
industry, to support it in the reorganization of its logistics in
the United States, following a significant acquisition. Between now
and the 1st quarter of 2024, the Group will open two refrigerated
sites near Philadelphia and Atlanta, totalling 51,000 sq.m.
OUTLOOK
ID Logistics continues to implement its strategy of assisting
global groups with their logistics organization and optimization.
Recent investments in the United States and Poland, as well as the
recent opening of Italy and the United Kingdom, confirm this
strategy, accelerating the Group's pace of growth.
NEXT PUBLICATION
Revenues for the 4th quarter 2023: January 24, 2024, after
market close.
ABOUT ID LOGISTICS :
ID Logistics, headed by Eric Hémar, is an international contract
logistics group with revenues of €2.5 billion by 2022. ID Logistics
manages 375 sites in 18 countries, representing more than 8 million
sq.m. of operated space in Europe, America, Asia and Africa, with
30,000 employees.
With a customer portfolio balanced between retail, e-commerce
and consumer goods, ID Logistics is characterized by offers
involving a high level of technology. Since its creation in 2001,
the Group has developed a social and environmental approach through
a number of original projects, and is now firmly committed to an
ambitious CSR policy. ID Logistics shares are listed on the
Euronext regulated market in Paris and are included in the SBF 120
index (ISIN code: FR0010929125, Mnemo: IDL).
APPENDIX
Revenues, in M€
2023
2022
Change
Change on a like-for-like
basis
3rd quarter
International
489.9
418.9
+17.0%
+13.9%
France
206.1
215.9
-4.5%
-4.5%
Total
696.0
634.7
+9.7%
+7.5%
Total 9 months
International
1,367.2
1,164.3
+17.4%
+10.3%
France
617.4
638.8
-3.4%
-3.4%
Total
1,984.6
1,803.1
+10.1%
+5.4%
CHANGE ON A LIKE-FOR-LIKE BASIS
Changes in revenues on a like-for-like basis reflect the organic
performance of the ID Logistics Group, excluding the impact of
:
- changes in the scope of consolidation: the contribution to
revenues of companies acquired during the period is excluded from
this period, and the contribution to revenues of companies sold
during the previous period is excluded from this period;
- changes in applicable accounting principles;
- variations in exchange rates, by calculating revenues for
different periods on the basis of identical exchange rates: thus,
published data for the previous period are converted using the
exchange rate for the current period.
Change in revenues from reported to
comparable data
in €M
2022
Effect of changes in scope of
consolidation
Effect of variations in exchange
rates
Effect of the application IAS
29*
Variation on a like-for-like
basis
2023
1st quarter
532.9
+13.6%
-0.8%
+0.1%
+5.4%
630.4
2nd quarter
635.5
+1.4%
-1.2%
+0.1%
+3.3%
658.2
3rd quarter
634.7
+4.6%
-2.3%
-0.1%
+7.5%
696.0
Total 9 months
1,803.1
+6.1%
-1.5%
+0.1%
+5.4%
1,984.6
* application of hyperinflation accounting treatment for
Argentina
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version on businesswire.com: https://www.businesswire.com/news/home/20231024926668/en/
ID Logistics Yann Perot - CFO Tel: +33 (0)4 42 11 06 00
yperot@id-logistics.com
Investor Relations Contact NewCap Tel. 33 (0)1 44 71 94
94 idlogistics@newcap.eu
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