CAVAILLON, France--(BUSINESS WIRE)--Regulatory News:
ID Logistics (Paris:IDL), a French leader in the contract logistics market, recorded third quarter 2015 revenues of €238.2 million, up 7.7% compared with the third quarter of 2014, and up 6.1% at current exchange rates.
Eric Hémar, Chairman and CEO of ID Logistics commented: "As expected, ID Logistics has seen accelerated growth in 3Q2015 in its domestic French market as well as in its international markets, driven by start-ups of new contracts won earlier this year. We remain focused on sustaining this level of growth, while exerting a tight control cost on our start-up costs and continuing to support our sales efforts, notably in e-commerce and detail picking logistics."
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GROWTH IN THIRD QUARTER 2015 REVENUES
In France, revenues totaled €130.4 million, up 3.7% compared with the third quarter of 2014. This strengthening growth compared with the first two quarters of 2015 is largely driven by the start-up of new sites. In the meantime, price/volume effect remained limited in the existing sites.
International revenues rose to €107.8 million, up 13.1% - excluding currency impact - compared with the third quarter of 2014, and showing an accelerating trend compared to first half of 2015. Taking into account unfavorable currency impact, mainly attributable to the Brazilian real, growth came in at 9.2%.
ID Logistics currently keeps handling a high number of calls for tenders and remains focused on cost control of start-up costs associated to new contracts started this year and on its gradual deleveraging plan.
Release of 4Q2015 revenues after markets close on 27 January 2016.
ABOUT ID LOGISTICS
ID Logistics is an international contract logistics group, with revenue of €874.5 million in 2014. ID Logistics has close to 200 sites across 14 countries, representing 3.6 million square meters of warehousing facilities in Europe, Latin America, Asia and Africa, and 13,000 employees. With a client portfolio balanced between retail, industry, detail picking and e-commerce sectors, ID Logistics delivers high-tech solutions and is firmly committed to sustainable development. ID Logistics is listed on Compartment B of NYSE Euronext’s regulated market in Paris (ISIN Code: FR0010929125). The Group is managed by Eric Hémar.