ID Logistics: very good start to the year with a 17.6% increase in sales in Q1 2024

• Sales for Q1 2024: € 736.3 million, +17.6% (+12.4% on a comparable basis)
• Continued high sales momentum with new contracts signed

ID Logistics (ISIN: FR0010929125, Mnemo: IDL), European market leader in contract logistics, today announced its revenues for the first quarter of 2024.

Eric Hémar, Chairman and CEO of ID Logistics, comments: "The first quarter of the 2024 financial year represents a further acceleration in ID Logistics' revenue growth compared to the end of 2023. This good sales momentum was driven by the launch of major projects in several of our key countries, both in Europe and across the Atlantic. The Group is therefore well positioned to continue its profitable growth trajectory in 2024."

Sales (in million euros)   2024  2023  Change  Change on a
                                              comparative basis
First quarter         736.3  625.9*  +17.6%       +12.4%
*see appendix

REVENUE GROWTH FOR 1ST QUARTER 2024: +17.6% (+12.4% ON A COMPARABLE BASIS)

ID Logistics recorded sales of € 736.3 million in the first quarter of 2024, an increase of 17.6%.

This good result includes the sales of Spedimex, a company acquired in Poland that has been consolidated since 1 June 2023. Adjusted for the effect of the change in the scope of consolidation and a generally favourable exchange rate effect during the quarter, like-for-like growth was +12.4% compared to Q1 2023.       

Particularly noteworthy in the quarter were

• Sales stabilised in France (-0.5% of sales) after a year 2023 characterised by lower consumption;
• Quarterly sales growth in Europe (excluding France) of +14.3 % on a comparable basis;
• Very strong momentum in the United States with sales growth of 29.5 % on a like-for-like basis
• Like-for-like growth of +21.6% in Latin America and Asia.

ID Logistics launched seven new projects in the past quarter.

NEW CONCLUSIONS

ID Logistics also participated in a number of tenders in the first quarter of 2024. For example, the Group won or started the following new contracts:

• In France, ID Logistics will start operating an 86,000 m² site near Amiens for one of its main customers, a global e-commerce giant, before summer 2024.
• In Brazil, Wella Company, world leader in the beauty industry, has entrusted ID Logistics with the management of logistics activities at its new 12,000 m² national distribution centre in the south of the state of Minas Gerais.
• In the United States, ID Logistics is continuing its collaboration with one of the world's largest confectionery manufacturers by taking over the management of a 28,000 m² site south-west of Chicago.

OUTLOOK

Following this excellent start to the year, ID Logistics is well positioned to continue supporting leading global companies in organising and optimising their supply chains in all countries where the Group operates.

NEXT PUBLICATION
Revenues for Q2 2024: 22 July 2024, after close of trading.

ABOUT ID LOGISTICS :

ID Logistics Group, managed by Eric Hémar, is an international contract logistics service provider with global sales of EUR 2.75 billion in the 2023 financial year. ID Logistics operates almost 400 locations with over eight million square metres of warehouse space in 18 countries in Europe, North and South America, Asia and Africa and employs around 38,000 people.

Customers from the retail, e-commerce and consumer goods sectors rely on ID Logistics' technology-supported solutions. Since its foundation in 2001, the Group has developed a social and environmental approach through a series of pioneering projects and is firmly committed to an ambitious CSR policy. ID Logistics is listed on the regulated market of Euronext Paris (Compartment A) (ISIN code: FR0010929125, ticker: IDL).

Contact:
Yann Perot - Chief Financial Officer
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

File attachment to the news:

ID Logistics: Very good start to the year with sales growth of 17.6% in Q1 2024