ID LOGISTICS: STRONG BUSINESS GROWTH AND STRATEGIC ADVANCES IN 2022
ORGON, France, Jan. 24, 2023 /PRNewswire/ -- ID Logistics, (ISIN: FR0010929125, Mnemo: IDL) one of the European leaders in contract logistics, today announced its revenues for the fourth quarter of 2022.
Eric Hémar, Chairman and CEO of ID Logistics, comments: "The year 2022 was a pivotal one for the development of our Group with strong growth in activity and a geographical deployment on both sides of the Atlantic marked by the acquisition of Kane Logistics in the United States. Our recent opening in Italy also completes our European footprint. The Group has now reached a critical size in France, Europe and America, which allows us to enter 2023 with ambition to continue the development of our profitable growth model."
GOOD GROWTH OF +24.9% IN Q4 2022 (+4.7% ON A LIKE FOR LIKE BASIS WITH A STRONG COMPARATIVE PERFORMANCE)
ID Logistics has again recorded a good level of growth in its revenues, reaching €686.3 million in the 4th quarter of 2022, up +24.9% and +4.7% on a like-for-like basis compared to the 4th quarter of 2021, which had already seen very strong growth of +21.0%, following the end of the pandemic.
ID Logistics will generate revenues of €2,508.7 million in 2022, up 31.3% (+11.3% like-for-like). The Group has started up 16 new sites over the full year 2022.
The number of calls for tender to which ID Logistics is invited to respond remains high in the fourth quarter of 2022, as clients and prospects have now integrated the impacts of the new economic environment into their forecasts.
Finally, Nespresso has renewed all its logistics activities with ID Logistics in the United States. This decision by the Group's historical and main client in the United States is a great sign of confidence. It confirms the interest of the acquisition of Kane Logistics at the beginning of 2022, and the capacity of the organization put in place to meet the expectations of major international customers.
END OF ACTIVITIES IN RUSSIA
During the 4th quarter of 2022, ID Logistics finalized the transfer of its 8 active files in Russia to its customers or their partners. At the end of these transfers, ID Logistics has no more activity in Russia since the beginning of January 2023. Vera Gorbacheva, General Manager of ID Logistics Russia, has resigned as a member of the Board of Directors of ID Logistics Group. The Board of Directors warmly thanked Vera for the very professional management of this end of activity and her contribution throughout the last 11 years.
ABOUT ID LOGISTICS:
With a client portfolio balanced between retail, industry, 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 shares are listed on the regulated market of Euronext Paris, compartment A (ISIN code: FR0010929125, Ticker: IDL).
Change on a comparable basis
The like-for-like changes in revenues reflect the organic performance of the ID Logistics Group, excluding the impact of:
Activities in Russia
The quarterly revenues of the now discontinued operations in Russia were as follows:
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SOURCE Kane Warehousing, LLC an ID Logistics Group Company