ID Logistics: Very Good Growth in Q3 2022
- Q3 2022 revenues: €641.8 million, +37.1% (+11.1%
- Good growth in France: €215.9 million, +13.0% (+6.8%
- Continued strong momentum in international markets: €425.9
million, up 53.7% (up 14.1% like-for-like)
- Revenues for the first nine months of 2022: €1,822 million,
up 33.9% (up 13.9% like-for-like)
ID Logistics, (ISIN: FR0010929125, Ticker: IDL) (Paris:IDL) one
of the European leaders in contract logistics, is today reporting
its revenues for the third quarter of 2022.
Eric Hémar, Chairman and CEO of ID Logistics, commented:
« ID Logistics recorded another solid commercial performance in the
past quarter, benefiting from both good organic growth and the
successful integration of recent acquisitions. The last quarter,
which is usually dynamic with the end-of-year promotional periods,
should allow us to sign another good year ».
ANOTHER DYNAMIC QUARTER WITH SUSTAINED GROWTH OF +37.1% IN
ID Logistics once again recorded strong revenue growth to reach
€641.8 million in Q3 2022, up +37.1% and +11.1% like-for-like
compared to Q3 2021.
- In France, revenues increased by +13.0% to €215.9
million in Q3 2022. Restated for the consolidation of Colisweb
(acquired in January 2022), growth was +6.8% in Q3 2022.
- In other countries, the strong growth in revenues
continued in Q3 2022, reaching €425.9 million, or +53.7%. This
increase includes revenues from GVT, acquired in the Benelux in
December 2021, and from Kane Logistics, acquired in the United
States in March 2022. Excluding these changes in the scope of
consolidation and a generally positive exchange rate effect during
the quarter, like-for-like growth was 14.1% compared with the third
quarter of 2021, which had already recorded a significant increase
Overall, ID Logistics ends the first nine months of 2022 with
revenues of €1,822.4 million, up +33.9% (+13.9% like-for-like).
During the 3rd quarter of 2022, the Group started up 5 new sites,
i.e. 13 since the beginning of the year 2022, in line with the
business plan for the current year.
The number of tenders to which ID Logistics is invited to
respond remains high in Q3 2022.
For example, the Group won or started the following new
contracts during the quarter:
- In France, ID Logistics is providing its expertise to
the British DIY brand Kingfisher in order to support its
development on the French market. ID Logistics has opened a new
warehouse in Nanteuil-le-Haudoin, to manage its e-commerce and
- In the Netherlands, the Group is further developing the
commercial synergies resulting from the acquisition of GVT and is
starting up an activity for PVO International, a solar panel
supplier. ID Logistics is unloading containers received at the port
of Tillburg, storing and then shipping products throughout Europe
on a 15,000 sq.m. surface area before increasing it to 30,000 sq.m.
- In Brazil, Ypê, a leading brand of hygiene and cleaning
products, will entrust ID Logistics with the management of its site
located in Extrema City.
ID Logistics is committed to maintaining its pace of business
development, in particular by realizing the development synergies
from recent acquisitions. The Group also remains focused on
increasing the productivity of recent projects and managing the
start-ups of the year 2022. Finally, it is remaining alert to
changes in the macro-economic situation and attentive to its
clients' needs for support.
Q4 2022 revenues on January 24, 2023, after market close.
ABOUT ID LOGISTICS
ID Logistics managed by Eric Hémar is an international contract
logistics group, with revenue of €1,911 million in 2021. ID
Logistics manages 360 sites across 18 countries, representing
nearly 8.0 million square meters of warehousing facilities in
Europe, America, Asia and Africa, with 28,000 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 Euronext’s regulated market in Paris (ISIN Code: FR0010929125,
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
Total 9 months
* Accounting treatment for hyperinflationary in Argentina
version on businesswire.com: https://www.businesswire.com/news/home/20221024005666/en/
ID Logistics Yann Perot CFO Tel: +33 (0)4 42 11 06 00
Investor Relations - Contact NewCap Tel : +33 (0)1 44 71
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