ID Logistics

Rebound in Revenues Growth in Q3 2023

Regulatory News:

ID Logistics (ISIN: FR0010929125, Mnemo: IDL) (Paris:IDL), a European leader in contract logistics, today announced its revenues for the third quarter of 2023.

Eric Hémar, Chairman and CEO of ID Logistics, comments: "As expected, ID Logistics revenues growth rebounded sharply in the 3^rd quarter, driven by the start-up of significant projects in several of our key countries. The Group is well positioned to continue this acceleration by the end of the year".

Revenues, in €m	2023	2022	Change	Change on a like-for-like basis
3rd quarter	696.0	634.7	+9.7%	+7.5%
Total 9 months	1,984.6	1,803.1	+10.1%	+5.4%

*see definition in appendices

ACCELERATED REVENUES GROWTH IN Q3 2023: +9.7% (+7.5% ON A LIKE-FOR-LIKE BASIS)

ID Logistics recorded revenues of €696.0 million in the 3^rd quarter of 2023, up +9.7%. This performance includes the revenues of Spedimex, a company acquired in Poland and consolidated since June, 1^st 2023. Restated for this scope of consolidation effect and for a generally unfavorable currency effect in the last quarter, like-for-like growth was +7.5% compared with the 3^d quarter of 2022. Particularly noteworthy in the quarter under review were:

• Solid momentum in the United States, with growth of +15.1%;
• 11.0% like-for-like revenues growth in Europe, excluding France, driven in particular by Poland, Italy and the opening of the United Kingdom;
• A 4.5% drop in revenues in France, in line with previous quarters marked by weak consumer volumes.

ID Logistics thus ended the first 9 months of 2023 with revenues of €1,984.6 million, up +10.1%, of which +5.4% on a like-for-like basis. Since the beginning of the year, ID Logistics has started up 17 new projects.