ID Logistics - Accelerated growth in the US and stabilization in France in Q1
Q1 sales up 18% on a reported basis and 12% organicallyBy division: France -0.5%, Europe +14%, United States +30%, Latin America and Asia +22%.7 new projects started in the quarter versus 5 in Q1-23We have revised upwards our forecasts for 2024 and 2025Price target raised to €414 (from €397)BUY opinion confirmed in view of accelerated expansion in the US and potential acquisitions during 2024ID 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.
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