ID Logistics - Accelerated growth in Q3 thanks to international business
Q3 sales up 9.7% on a reported basis and 7.5% organicallyOrganic growth accelerates compared to H1 (+4%) and exceeds our expectations.International sales drive growth (+17% of which +14% organic), while business in France continues to decline (-4.5%)Start-up of 7 new projects in Q3, for a total of 17 new projects over 9 monthsUpward revision of our organic growth forecast, but lowering of our sales forecast due to FX effectsPrice target unchanged at €364 and "Buy" opinion confirmed.ID Logistics is an international contract logistics group that designs and implements one-stop services tailored to the specific requirements of each client. The services Co. offers combine customized architectures to allow clients to optimize their supply chain.
We are an investment house with Belgian roots founded on more than 150 years of trust.
As a private company owned by long-term committed shareholders, we are independent. Naturally and structurally. Our experts have the knowledge to think and act without bias, and to make decisions that benefit our clients. Today and tomorrow.
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