ID Logistics: Q2 2018: Acceleration in Pace of Growth, with Revenues up 8.3% at Constant Exchange Rates to €353.3 Million
24 Juillet 2018 - 5:45PM
Business Wire
- Q2 revenues in France up 10.3% to
€175.8 million, a very strong top-line performance fuelled by
new contracts wins
- Q2 international revenues up 6.4% at
constant exchange rates to €177.5 million, displaying strong
momentum despite negative currency effects
- Healthy first-half revenues of
€680.4 million, up 6.1% at constant exchange rates
Regulatory News:
ID Logistics (ISIN: FR0010929125, Ticker: IDL) (Paris:IDL), one
of the European leaders in contract logistics, has reported
second-quarter 2018 revenues of €353.3 million, up 8.3% at
constant exchange rates, and first-half 2018 revenues of
€680.4 million, up 6.1% at constant exchange rates.
Revenues (€ million) 2018 2017
% change
% change at constant
exchange 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% Second quarter France 175.8 159.4 +10.3% +10.3%
International 177.5 177.0 +0.3% +6.4%
Total
353.3 336.4 +5.0%
+8.3% First half France 330.6 309.6 +6.8% +6.8%
International 349.8 348.7 +0.3% +5.4%
Total
680.4 658.3 +3.4%
+6.1%
BUSINESS MOMENTUM PICKED UP PACE IN THE SECOND
QUARTER
ID Logistics’ organic growth gained steam in the second quarter
of 2018, with its revenues growing to €353.3 million – an
increase of 5.0% or 8.3% at constant exchange rates. All its
markets contributed to this highly positive performance:
- In France, the acceleration was
even stronger, with revenue growth reaching 10.3% after 3.1% in the
first quarter
- In international markets, the
general trends were positive (revenues up 6.4% at constant exchange
rates after growth of 4.5% in the first quarter) despite
unfavourable currency effects, especially in Argentina and
Brazil.
ID Logistics’ first-half revenues came to €680.4 million,
up 3.4% or up 6.1% at constant exchange rates.
NEW BUSINESS
ID Logistics continues to respond to a large number of
competitive tenders and to win market share in the various
countries in which it operates. In the second quarter, ID Logistics
won the following new contracts:
- In France,
Conforama decided to entrust ID Logistics with operating the
facility it is planning to build in the Paris region (Tournan en
Brie). The new 177,000 sq. m. hub, which will have around 400
employees, will be one of the largest logistics facilities in
Europe. ID Logistics will support its customer’s multi-channel
transformation by organizing all its flows from a single site,
paving the way for it to expand its product range and accelerate
its deliveries.
- In Russia, ID Logistics and
Auchan are starting up a new partnership with the launch over the
next few weeks of three national warehouses with close to
50,000 sq. m. in total space. Two of these three
facilities will be new platforms, while the third will involve
taking over an existing unit.
- In the Netherlands, ID Logistics
is expanding its partnership with PPG Industries by taking over
PPG’s distribution facility in Amsterdam. This
16,000 sq. m. hub consisting of a pallet stacking crane
and an automated receipt and conveying system distributes the
Architectural Coatings division’s products to retail and trade
markets in the Benelux countries, Germany, Austria and
Switzerland.
NEXT REPORT
Interim results on 29 August 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 close to 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, healthcare 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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ID LogisticsYann Perot, Tel.: + 33 (0)4 42 11 06
00CFOyperot@id-logistics.comorNewCapEmmanuel Huynh / Marc Willaume,
Tel.: +33 (0)1 44 71 94 94Investor Relations & Financial
Communicationsidlogistics@newcap.eu
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