ID Logistics : H1 revenues in line with our forecasts, favourable outlook for H2
>Q2 revenues at € 384.1 m (vs € 388.7m est.), down 0.6% (-3% LFL) - ID Logistics reported yesterday evening virtually stable Q2 revenues at € 384.1m (-0.6% yoy), slightly below our estimate at € 388.7m (+0.5%e). After a strong Q1, up 9.6%, of which +7.4% lfl, Q2 marks a natural slowdown in organic growth (-3% vs -2%e) due to lockdown effects. H1 revenues came in at € 776.6m (vs € 781.2m est.), up 4.3% of which 2% lfl. The consolidation effect worked out at +4...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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