ID LOGISTICS GROUP

IDL

Equity

ISIN FR0010929125 / Valor 11629426

Euronext - Euronext Paris (2024-12-24)

EUR 374.50+1.22%

ID LOGISTICS GROUP
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About company

ID LOGISTICS GROUP is a global logistics company that offers a wide range of services including industrial co-packing, transport, and last-mile delivery. The company has expanded its geographic coverage through strategic acquisitions in North America, Benelux, and Taiwan, allowing it to strengthen its presence in key markets. With an initial public offering on NYSE Euronext in Paris in 2012, the company's management retains majority ownership to ensure agility and decision-making capabilities for its continued growth and success in the competitive logistics industry.

Summarized from source with an LLMView SourceSector: Consumer Services

Revenue Growth

ID LOGISTICS GROUP reported a revenue increase of +10.7% for the year 2023, reaching €2,747.4 million. This growth includes contributions from the acquisition of Spedimex in Poland and the full-year effect of Kane Logistics in the United States. Adjusted for these effects and an unfavorable currency impact, like-for-like revenue growth was +7.2% compared to 2022.

Operating Income

In 2023, ID LOGISTICS GROUP's underlying operating income rose by +16.3% to €125.8 million. The underlying EBITDA also saw a significant increase of +16.6%, reaching €434.7 million, with the EBITDA margin improving by 80 basis points to 15.8%. The Group's operating margin increased to 4.6% in 2023.

Net Income

The Group share of net income for ID LOGISTICS GROUP increased by +36.4% in 2023, reaching €52.1 million, up from €38.2 million in 2022. This includes a €7.1 million earn-out reversal on an acquisition. Net financing costs rose to €27.4 million, reflecting the full-year effect of financing acquisitions made in 2022.

Cash Flow

ID LOGISTICS GROUP generated €356.9 million in cash flow from operating activities in 2023, a +26.0% increase from 2022. Operating investments, primarily for new site start-ups, amounted to €72.9 million. The Group's pre-IFRS 16 debt-to-equity ratio improved to 1.6x recurring EBITDA by the end of 2023.

Outlook

Looking ahead to 2024, ID LOGISTICS GROUP plans to continue leveraging commercial synergies in the United States and Poland, and capitalize on recent expansions in Italy and the United Kingdom. The Group aims to support major global clients in optimizing their supply chains and is open to further growth opportunities in Europe and the United States, given its rapid debt reduction since 2022.

Summarized from source with an LLMView Source

Key figures

22.8%1Y

7.77%3Y

108%5Y

Performance

28.7%1Y

30.7%3Y

32.7%5Y

Volatility