ID Logistics: a Dynamic 1st Quarter 2021
26 April 2021 - 5:45PM
Business Wire
Revenues up 15.0% to €435.7 million
- Q1 2021 revenues: €435.7 million, up 11.0% (up 15.0%
like-for-like)
- Good activity in France: €180.8 million, +4.2%
- Continued strong growth outside France: €254.9 million, up
16.4% (up 24.0% like-for-like)
Regulatory News:
ID Logistics (Paris:IDL) (ISIN: FR0010929125, Ticker: IDL) one
of the European leaders in contract logistics, is today reporting
its revenues for the first quarter of 2021.
Eric Hémar, Chairman and CEO of ID Logistics,
commented: « The sales momentum continues in line with the end of
the previous year and once again illustrates the relevance of ID
Logistics' positioning in fast-growing market segments (e-commerce,
food, consumer goods). However, we remain alert to the evolution of
the health crisis in order to anticipate and respond to the needs
of our customers ».
Revenues (€ million)
2021
2020
Change
Like-for-like %
change*
1st quarter
France
180.8
173.5
+4.2%
+4.2%
International
254.9
219.0
+16.4%
+24.0%
Total
435.7
392.5
+11.0%
+15.0%
* Group exchange rate effect -3.6% and Group scope effect -0.4%
(see definitions in appendix)
GOOD START FOR THE YEAR 2021 WITH DYNAMIC GROWTH IN THE FIRST
QUARTER
Following on from the end of 2020, ID Logistics has made a good
start to the year 2021 with sustained growth in its revenues in the
first quarter to reach €435.7 million, up by +11.0% and +15.0% on a
like-for-like basis.
- In France, ID Logistics recorded a +4.2% increase in
revenues during the past quarter to €180.8 million. It is to be
pointed out that the first quarter of 2020 was only slightly
impacted by the lockdown measures implemented in mid-March
2020.
- Outside France, revenues for the first quarter of 2021
showed strong growth of +16.4% to €254.9 million. Adjusted mainly
for a very unfavorable currency effect, particularly in South
America, growth was 24.0% like-for-like. All regions reported
growth, with a sustained performance in Germany and Poland, which
benefited in the first quarter from the full-year effect of
projects started in 2020.
During this first quarter, ID Logistics started up 4 new
warehouses, in line with the 2021 roadmap.
NEW CONTRACTS
The number of tenders to which ID Logistics is invited remains
strong in the first quarter of 2021. For example, the Group won or
started the following new contracts during the first quarter of
2021:
- In France, ID Logistics and Boulanger are extending
their partnership with the opening of a new 43,000 sq.m. warehouse
near Lyon. The association between the two groups started in 2009
with the management of logistics in the South of France. This new
facility will allow ID Logistics to support Boulanger in its growth
in a new region and in the e-commerce.
- ID Logistics Group extends its partnership with Nestle globally
with a new operation in the Benelux for Nespresso &
Dolce Gusto. This confirms the leading market position of ID
Logistics in e-commerce and consumer goods. This operation will be
the 9th site for ID Logistics Benelux. The site will be in total
15,000 sq.m. and will employ some 80 people.
- ID Logistics Chile is reinforcing its partnership with
P&G at Macul DC in Santiago. After implementing copacking
operation in March 2020 they now awarded ID Logistics with a new in
house operation. The scope of business considers warehousing
services including receiving, storage, orders preparation and
dispatching.
OUTLOOK
Thanks to the good start of 2021 and taking advantage of its
positioning in e-commerce, ID Logistics intends to continue its
profitable development, while remaining cautious about the
evolution of the Covid-19 crisis.
ID Logistics also remains attentive to external growth
opportunities, particularly in Northern Europe and the United
States.
Next report
Publication of second-quarter 2021 revenues on July, 22nd 2021
after market close.
ABOUT ID LOGISTICS
ID Logistics is an international contract logistics group, with
revenue of €1,643 million in 2020. ID Logistics has more than 340
sites across 17 countries, representing 6.0 million square meters
of warehousing facilities in Europe, America, Asia and Africa, with
21,500 employees. With a client portfolio balanced between retail,
industry, detail picking, healthcare and e-commerce sectors, ID
Logistics is characterized by offers involving a high level of
technology. Developing a social and environmental approach through
a number of original projects since its creation in 2001, the Group
is today resolutely committed to an ambitious CSR policy.
ID Logistics is listed on Compartment A of NYSE Euronext’s
regulated market in Paris (ISIN Code: FR0010929125, Ticker:
IDL).
APPENDIX
Like-for-like change
Changes in revenue on a like-for-like basis reflect ID
Logistics’ organic performance excluding the impact of:
- acquisitions and disposals: the revenue contribution of
companies acquired during the period is excluded from the same
period, and the revenue contribution made by companies sold during
the previous period is also excluded from that period;
- changes in the applicable accounting principles;
- changes in exchange rates by calculating the revenues in the
various periods based on identical exchange rates, so that the
reported figures for the previous period are translated using the
exchange rates for the current period
Reconciliation of reported revenues to
revenues on a like-for-like basis
€m
2020
Effects of
acquisitions and disposals
Effects of
exchange rate
fluctuations
Effects of
adoption of
IAS 29*
% like-for-like
change
2021
1st quarter
392.5
-0.4%
-3.6%
-0.0%
+15.0%
435.7
* Accounting treatment for hyperinflationary in Argentina
Definitions
- EBITDA: Underlying operating income before net
depreciation of property, plant and equipment and amortisation of
intangible assets
- Net financial debt: Gross debt plus bank overdrafts and
less cash and cash equivalents
- Net debt : Net financial debt plus rent liabilities
(IFRS 16)
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version on businesswire.com: https://www.businesswire.com/news/home/20210426005565/en/
ID Logistics Yann Perot CFO Tel.: + 33 (0)4 42 11 06 00
yperot@id-logistics.com
NewCap Emmanuel Huynh / Thomas Grojean Investor Relations &
Financial Communications Tel.: +33 (0)1 44 71 94 94
idlogistics@newcap.eu
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