ID Logistics Group: First-Quarter 2018 Revenues: €327.1 Million
24 Avril 2018 - 5:45PM
Business Wire
up 3.8% at constant exchange rates(up
1.6% at current exchange rates)
- Healthy growth of 3.1% in France to
€154.8 million
- Strong momentum in international
revenues to €172.3 million, an increase of 4.5% at constant
exchange rates (up 0.3% at current exchange rates)
Regulatory News:
ID Logistics (Paris:IDL) (ISIN: FR0010929125, Ticker: IDL), one
of the European leaders in contract logistics, reports Q1 2018
revenues of €327.1 million, up 1.6% or up 3.8% at constant
exchange rates.
Eric Hémar, Chairman and CEO of ID Logistics, commented: “In the
first quarter of 2018, ID Logistics pursued late 2017 trends with a
robust pace of business development and healthy volumes for our
major customers. We continue to expand into new geographical
territories by winning competitive tenders.”
Revenues (€ million) 2018 2017
% change
% change at constantexchange
rates
First quarter France 154.8 150.2
+3.1% +3.1% International 172.3 171.7 +0.3% +4.5%
Total
327.1 321.9 +1.6%
+3.8%
STRONG BUSINESS TRENDS IN THE FIRST QUARTER OF 2018, IN LINE
WITH LATE 2017 TRENDS
In France, the Group recorded a healthy 3.1% increase in
its revenues to €154.8 million even though retail business was
disrupted by extreme weather during the quarter. This performance
was driven primarily by the ramp-up of contracts started in
2017.
In International markets, first-quarter revenues came to
€172.3 million, up 0.3% and up 4.5% at constant exchange
rates, in line with late 2017 trends. Aside from the substantial
negative impact of currency effects, notably the Brazilian real,
and highly challenging comparatives (growth of 13.3% on a
like-for-like basis in Q1 2017), all the Group’s international
markets contributed to revenue growth.
NEW BUSINESS
ID Logistics continues to expand its business, bid for tenders
and start up new contracts. Thus, during early 2018:
- In Taiwan, the Group entered into a new
5-year agreement with RT-Mart, a banner belonging to the Sun Art
Retail group, a leading retailer in China and Taiwan. The
17,000 square meter warehouse will serve 22 hypermarkets.
- In South Africa, the Group sealed a
contract with Lodestone, a FMCG manufacturer specialised in
beverages, confectionery and personal care products, which includes
warehousing and also primary and secondary transport
management.
OUTLOOK
The Group intends to continue growing in 2018 and further
improve its results.
NEXT REPORT
Publication of first-half 2018 revenues: 24 July 2018 after the
market close.
ABOUT ID LOGISTICS
ID Logistics is an international contract logistics group, with
revenue of €1,329 million in 2017. ID Logistics has around 300
sites across 17 countries, representing 5.5 million square meters
of warehousing facilities in Europe, Latin America, Asia and
Africa, and 19,000 employees. With a client portfolio balanced
between retail, industry, detail picking and e-commerce sectors, ID
Logistics delivers high-tech solutions and is firmly committed to
sustainable development.
ID Logistics is listed on Compartment B of NYSE Euronext's
regulated market in Paris (ISIN Code: FR0010929125). The Group is
managed by Eric Hémar.
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version on businesswire.com: https://www.businesswire.com/news/home/20180424005927/en/
ID LogisticsYann PerotExecutive Vice-President, FinanceTel.: +33
(0)4 32 52 96 00yperot@id-logistics.comorEmily OliverGroup Head of
CommunicationsTel.: +33 (0)4 32 52 96
82eoliver@id-logistics.comorNewCapEmmanuel Huynh / Marc
WillaumeInvestor Relations & Financial ReportingTel.: +33 (0)1
44 71 94 94idlogistics@newcap.eu
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