ID Logistics acquisitions and organic expansion grow revenues 31.2% to €2.5bn

ID Logistics

ID Logistics, one of the leading companies in contract logistics in Europe, has announced its revenue figures for the fourth quarter of 2022. The Chairman and CEO of the company, Eric Hémar, commented on the impressive results and highlighted the company’s growth throughout the year, marked by the acquisition of Kane Logistics in the United States and the completion of the company’s European footprint with its recent opening in Italy.

The company’s revenue saw a significant increase, reaching €686.3m in the fourth quarter of 2022, which is a rise of 24.9% compared to the same period in 2021. This figure also saw a like-for-like growth of 4.7%. In France, the revenue increased by 6.8% to €222.3m, while in other countries, the growth reached 35.9% to reach €464m.

For the full year of 2022, ID Logistics generated a total revenue of €2,508.7m, an increase of 31.3% (+11.3% like-for-like). The company opened 16 new sites throughout the year, and the number of calls for tender remained high in the fourth quarter of 2022. During the quarter, the company won several new contracts, including with Ursus Breweries in Romania, Auchan in Poland, and Diageo in Brazil. The company also received a significant vote of confidence from Nespresso, which renewed all its logistics activities with ID Logistics in the United States.

However, the company also had to finalize the transfer of its active files in Russia to its customers or partners, ending its activities in the country. Despite this, ID Logistics remains optimistic about the future and continues to expand its operations, entering 2023 with the ambition to continue the growth of its profitable business model.

Source: ID Logistics