ID Logistics: Another Year of Sustained Growth. 2020 Sales of €1,642.8 Million, Up 7.1%
25 Janvier 2021 - 05:45PM
Business Wire
- Q4 2020: revenue growth of +12.0% to €454.1m (+9.1%
like-for-like) compared to Q4 2019
- Another quarter of strong international sales growth, up
18.7% (13.7% like-for-like) to €261.0 million
- Acceleration of growth in France to +4.0% to
€193.1m
- 2020 annual revenues: €1,642.8 million, up 7.1% (+4.9%
like-for-like) compared to 2019
Regulatory News:
ID Logistics (Paris:IDL) (ISIN: FR0010929125, Mnémo: IDL) one of
the European leaders in contract logistics, announces today its
sales for the fourth quarter of 2020.
Eric Hémar, Chairman and CEO of ID Logistics, commented:
« The strong positioning of ID Logistics in high-growth sectors
(e-commerce, food), its balanced geographical footprint and its
ability to adapt have proved to be decisive assets in achieving
another growth in sales despite an unprecedented context. I would
like to thank all of our teams for their unfailing commitment and
our customers for their trust and loyalty. »
Revenues (€ million)
2020
2019
% change
Like-for-like % change
Fourth quarter
France
193.1
185.7
+4.0%
+4.0%
International
261.0
219.8
+18.7%
+13.7%
Total
454.1
405.5
+12.0%
+9.1%
Full-Year
France
721.0
714.7
+0.9%
+0.9%
International
921.8
819.5
+12.5%
+8.7%
Total
1,642.8
1,534.2
+7.1%
+4.9%
STRONG GROWTH IN Q4 2020
ID Logistics confirmed the good commercial performance that
began in the third quarter, with accelerated growth in the fourth
quarter and sales of €454.1 million, up 12.0% compared to 2019
(+9.1% like-for-like).
- In France, ID Logistics' sales increased by +4.0% to
€193.1 million and shows a growth rate higher than that observed in
the 1st quarter of 2020, before the Covid-19 crisis.
- International sales continued to grow at a high rate
during the fourth quarter of 2020, up 18.7% to €261.0 million. This
performance includes a currency effect, which remains unfavorable
overall, particularly in Latin America, a scope effect related to
the closure of activities in China in June 2020 and the
consolidation of the Jagged Peak activities in the United States
since December 2019. Excluding these elements, net sales rose 13.7%
during the past quarter.
GROWTH OF 7.1% OVER THE FULL YEAR 2020
Thanks to a diversified customer portfolio (40% in food
production and distribution and 25% in e-commerce) and a balanced
geographical footprint, ID Logistics posted revenue growth over
almost the entire year, limiting the decline in activity in the
second quarter to just -0.6%. The upturn in activity in the third
quarter and then the acceleration in the fourth quarter enabled ID
Logistics to achieve revenues of 1,642.8 million in 2020, up 7.1%
(up 4.9% like-for-like).
Over this period, the Group started up 18 new sites (6 in France
and 12 outside France), a number slightly higher than the initial
plan. In Q4 2020 alone, the e-commerce business grew by more than
30% and now accounts for nearly 25% of ID Logistics' revenue.
NEW CONTRACTS
Despite the health crisis context, the pace of calls for tender
remains high, particularly in e-commerce, which accounts for nearly
half of them. The 4th quarter of 2020 was thus once again an
opportunity for ID Logistics to continue its commercial
development, winning several contracts. For example, the Group won
or started the following new contracts:
- In France, Leroy Merlin continues its partnership with
ID Logistics by adding a third warehouse in France, representing
41.000m² of warehouse and serving 17 stores.
- In Germany, ID Logistics is expanding its strong market
position in E-Commerce supply chain and offers now not only pick
& pack but also sorting & distribution center services. ID
Logistics opened its first 16,000 m² sorting & distribution
center in Ginsheim-Gustavsburg (close to Frankfort) with up to 300
employees in periods of peak activity.
- In Spain, ID Logistics continues its partnership with
the group Auchan through its supermarket brand Simply. ID Logistics
will manage all warehousing activities dedicated to more than 350
Simply stores from its 3 platforms located in the central-east area
of Spain in Zaragoza.
OUTLOOK
ID Logistics intends to continue its development over the
current year, while remaining very cautious about the evolution of
the health crisis linked to Covid-19. In this context, the Group's
priorities remain focused on supporting its customers as closely as
possible to their needs, protecting its employees and managing its
cash flow. It also remains attentive to external growth
opportunities, particularly in Northern Europe and the United
States.
NEXT REPORT
2020 annual results: March 17, 2021, after market close.
ABOUT ID LOGISTICS
ID Logistics is an international contract logistics group, with
revenue of €1,643 million in 2020. ID Logistics has more than 340
sites across 17 countries, representing 6.0 million square meters
of warehousing facilities in Europe, America, Asia and Africa, with
21,500 employees. With a client portfolio balanced between retail,
industry, detail picking, 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 is listed on Compartment A of NYSE Euronext’s
regulated market in Paris (ISIN Code: FR0010929125, Ticker:
IDL).
Appendix
Like-for-like change
Changes in revenue on a like-for-like basis reflect ID
Logistics’ organic performance excluding the impact of:
- acquisitions and disposals: the revenue contribution of
companies acquired during the period is excluded from the same
period, and the revenue contribution made by companies sold during
the previous period is also excluded from that period;
- changes in the applicable accounting principles;
- changes in exchange rates by calculating the revenues in the
various periods based on identical exchange rates, so that the
reported figures for the previous period are translated using the
exchange rates for the current period.
Reconciliation of reported revenues to
revenues on a like-for-like basis
(€m)
2019
Effects of acquisitions and
disposals*
Effects of
exchange rate fluctuations
Effects of adoption of IAS
29**
% like-for-like change
2020
1st quarter
358.1
+3.5%
-1.1%
-0.2%
+7.4%
392.5
2nd quarter
386.4
+4.9%
-2.3%
-0.3%
-3.0%
384.1
3rd quarter
384.2
+4.4%
-2.8%
-0.2%
+5.9%
412.1
4th quarter
405.5
+5.7%
-2.7%
-0.1%
+9.1%
454.1
12 months
1,534.2
+4.6%
-2.2%
-0.2%
+4.9%
1,642.8
* end of operations in South Africa in September 2019 and in
China in June 2020 and consolidation in December 2019 of the Jagged
Peak activities in the United States
** Accounting treatment for hyperinflationary in Argentina
Definitions
- EBITDA: Underlying operating income before net
depreciation of property, plant and equipment and amortisation of
intangible assets
- Net financial debt: Gross debt plus bank overdrafts and
less cash and cash equivalents
- Net debt: Net financial debt plus rent liabilities (IFRS
16)
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version on businesswire.com: https://www.businesswire.com/news/home/20210125005485/en/
ID Logistics Yann Perot CFO Tel.: + 33 (0)4 42 11 06 00
yperot@id-logistics.com
NewCap Emmanuel Huynh / Thomas Grojean Investor Relations &
Financial Communications Tel.: +33 (0)1 44 71 94 94
idlogistics@newcap.eu
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