ID Logistics

Dynamic First Quarter With Sales up 9.6% to €392.5 Million - Seite 2

GOOD START FOR 2020 WITH DYNAMIC GROWTH IN THE 1^ST QUARTER

ID Logistics has made a good start to the year 2020 with sustained sales growth in the 1^st quarter to reach €392.5 million, up +9.6% and +7.4% on a like-for-like basis.

• In France, ID Logistics recorded a 3.5% increase in sales over the past quarter to €173.5 million. The first two months of the year posted a good performance, while the containment measures taken from 17 March in the context of Covid-19 weighed on March's growth, which was limited to +0.6%. Over the last month, the food, hygiene, personal care and e-commerce activities experienced strong growth which compensated for the decline in activity recorded in the other sectors.

• International revenues for the first quarter of 2020 recorded strong growth of +15.0% and +11.2% on a like-for-like basis, to €219.0 million. Business in the first two months of the year continued at the same pace in March: lower volumes in some countries affected by the containment measures in March (mainly Spain and Belgium) were more than offset by continued strong sales momentum in other countries (particularly Germany and the Netherlands). The Group recalls that China represents less than 1% of its business and that it is not present in Italy.
  Over the last quarter, the foreign exchange impact was unfavorable overall, while the scope of consolidation effect includes the end of operations in South Africa in September 2019 and the consolidation in December 2019 of the Jagged Peak business in the United States, whose integration is now finalized and ahead of schedule.

UPDATE ON THE COVID-19 SITUATION

• Summary of measures taken to deal with the crisis

As soon as the crisis begins, the Group defined three priorities:

1) Safety of its teams. This was notably reflected in the setting up of a Group crisis unit and a specific operational organisation, formalized in France and in Spain by a best practices manual which has been widely adopted at the level of the professional branches and validated by all stakeholders (professional organizations, trade unions and government). These good practices (barrier gestures, temperature taking, production spread out over the day, distribution of masks and hydroalcoholic gel on all sites ...) are also deployed in the Group’s other countries.