(AOF) – ID Logistics has unveiled second quarter 2023 revenue of 658.2 million euros, up 3.6%. It rose by 3.3% like-for-like. The contract logistics specialist’s business was driven by International (68% of revenue). Its revenues reached 446.9 million euros, up 7.2% (+6.9% like-for-like).
France (32% of turnover) saw its turnover fall by 3.4% to 211.3 million euros “due to a drop in consumption volumes, particularly in the DIY, furniture and decoration sectors”. The group also mentions “a rigorous and selective risk management policy on the part of the company”.
“In the context of weak consumption in the first half of 2023, ID Logistics is focusing on the implementation of its variable cost model to continue to improve its operating profitability,” the company indicates in its outlook. According to the latter, the passage of the inflation peak should be accompanied in the second half of 2023 by the recovery in consumption and promotion periods, as the group has already seen in several European countries where it is present.
ID Logistics is preparing the many contract start-ups that will contribute to accelerating revenue growth from the second half of 2023.
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