ID Logistics

Very Good Growth in Q3 2022 - Seite 2

• 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 of 21.4%.

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 3^rd 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.

NEW CONTRACTS

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 distribution activities.

• 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. by 2024.

• 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. 

OUTLOOK

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.