ID Logistics - Q4 sales growth driven by acceleration in the US
Acceleration of organic sales growth in Q4 to 12% from 8% in Q3US business driving growth (+34% after +15% in Q3)Organic growth of 11% in Europe excluding France, in line with Q3, but continuing downward trend in France (- 6%)Opening of 22 new projects over the full year, versus 16 in 2022 and 18 historicallyMaintaining our full-year recurring EBIT margin and medium-term growth forecastsAdjusted price target of €367 vs. €364 previouslyBUY opinion confirmed in view of the Group's earnings growth potentialID 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.
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