ID Logistics : 2023 results fully in line with expectations
>2023 u/lying OP of € 125.8m (vs € 125m est.), or an u/lying op. margin of 4.6% (+20bp) - ID Logistics yesterday evening reported full-year results fully in line with our expectations. On 2023 sales (already published) of € 2,747.4m, up 10.7% (+ 7.2% l-f-l), underlying operating profit came to € 125.8m, up 16.3% (vs € 125m est.), reflecting an operating margin of 4.6%, an improvement of 20bp thanks mainly to the preponderant share of international sales in the mix. At...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.
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