ID Logistics : An excellent Q1, impact of Covid-19 expected on margins in the short term, but business model intact over the long term
>Q1 sales up 9.6% (+7.4% lfl) to € 392.5m (vs € 381.5mest.) - ID Logistics has reported Q1 sales up 9.6% to € 392.5m, ahead of our € 381.5m estimate (+6.5%e). Excluding the scope effect related to the acquisition of Jagged Peak in December 2019 and the closure of South Africa in September 2019 (+3.5%e), as well as a negative forex effect (-1.3%), organic growth stood at 7.4% (vs 3.5%e). Good resistance in France - Robust international growth - Franc...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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