(AOF) – In 2023, ID Logistics continued to improve its operational profitability with current Ebitda up 16.6% to 434.7 million euros. The current Ebitda margin increased by 80 basis points to 15.8%. Current operating profit increased by 16.3% to 125.8 million euros. International activities continue to grow with an operating margin of 4.7% in 2023, up 30 basis points compared to 2022. The group records a further increase in its operating margin to 4.6% in 2023 .
Net profit, group share, stands at 52.1 million euros in 2023, up 36.4% compared to 2022 (38.2 million euros).
ID Logistics records 2023 turnover of 2.74 billion euros, up 10.7% compared to 2022.
In 2023, the group’s activities generated 356.9 million euros in cash after taking into account operational investments, up 26% compared to 2022.
Operational investments, which concern 80% the start-ups of new sites, are increasing compared to 2022 and amount to 72.9 million euros.
Given the group’s reduction in debt since the 2022 acquisitions, ID Logistics “is attentive to external growth opportunities, in Europe and the United States”. Its debt ratio fell to 1.6 times current Ebitda as of December 31, 2023.
© 2024 Agence Option Finance (AOF) – All reproduction rights reserved by AOF. AOF collects its data from the sources it considers the safest. However, the reader remains solely responsible for their interpretation and use of the information made available to them. The reader must therefore hold AOF and its contributors harmless from any claim resulting from this use. Agence Option Finance (AOF) is a brand of the Option Finance group
Did you like this article ? Share it with your friends using the buttons below.
