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ID Logistics Group Reports First Quarter 2024 Revenue of 736.3 Million Euros, Marking a 17.6% Increase

COMPANIESID Logistics Group Reports First Quarter 2024 Revenue of 736.3 Million Euros, Marking a 17.6% Increase

The ID Logistics Group has published its revenue for the first quarter of this year, reaching 736.3 million euros, a 17.6% increase compared to the same period last year (12.4% on a like-for-like basis). This growth is primarily attributed to the signing of new contracts.

The excellent revenue performance in Q1 2024 is another recent success for ID Logistics. Following a very successful Q4 last year, the Group has maintained double-digit growth and is consistently achieving the strategic goals set for 2024.

“We concluded the first quarter of the 2024 financial year with a clear acceleration, as evidenced by the continued revenue growth of ID Logistics. This strong result is the outcome of collective effort and the launch of several major projects both in Europe and the Atlantic region. These initiatives have positioned us well to maintain our current momentum in the upcoming quarters,” said Eric Hémar, Chairman of the ID Logistics Group.

Key Factors Behind ID Logistics’ Strong Performance in Q1 2024

Revenue growth to 736.3 million euros by the end of Q1 2024 (+17.6%) includes the performance of the Polish company Spedimex, acquired by ID Logistics and consolidated since June 1, 2023. Other significant factors contributing to this result include:

  • Stabilization of revenue in France (-0.5% revenue) following 2023, which saw lower consumption volumes;
  • Quarterly revenue growth in Europe (excluding France) by 14.3%;
  • Very strong development in the United States, with a revenue increase of 29.5%;
  • Like-for-like growth in Latin America and Asia by 21.6%.

During the first quarter of 2024, ID Logistics also launched seven new projects.

New Contracts Beyond Europe

The first quarter of 2024 was also a period of high activity for ID Logistics in business development and expanding its client portfolio. The Group won or began new contracts during this period:

  • In France: ID Logistics will start a new operation for one of its major clients, a global e-commerce giant, in a facility covering approximately 86,000 square meters near Amiens;
  • In Brazil: Wella Company, a global leader in the beauty industry, entrusted ID Logistics with managing logistics operations in its new 12,000 square meter distribution center in southern Minas Gerais;
  • In the USA: Continuing its collaboration with one of the world’s largest confectionery manufacturers, ID Logistics will manage a 28,000 square meter facility southwest of Chicago.
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