ID Logistics : H1 2024 results in line, more demanding valuation and less upside in the short term: Neutral (vs Outperform)
>Underlying operating profit in line at € 58.3m, i.e. An underlying operating margin of 3.8% (+10bp), attributable net profit a shade below expectations - Yesterday evening, ID Logistics reported interim sales in line with our expectations, with a slight disappointment at the attributable net profit level. On sales (already reported) of €1,518m, up strongly by 18.7% (+14.3% l-f-l), underlying operating profit came to € 58.3m (vs € 58m), giving an operating margin of 3...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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