ID Logistics : 2023 revenues slightly above our expectations, strong embedded growth for 2024
>Q4 revenues up 14.5% (+ 11.9% l-f-l) to € 776.2m (vs € 753.8m est.) - ID Logistics yesterday evenings reported Q4 2023 revenues up 14.5% (+11.9% l-f-l vs +10%e) to € 776.2m, beating our estimate of € 753.8m (+11.1%e). Over the full year, revenues came to € 2,747.4m, up 10.7%. Excluding the FX effect (-2.2%) mainly reflecting the strong devaluation of the Argentine peso (impact of € 25m) and scope effect of +5.7% (reflecting the contributions of Spedimex over 7 months...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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