ID Logistics

Very Good Start This Year With Revenues up 17.6% in the 1st Quarter of 2024

Regulatory News:

ID Logistics (ISIN: FR0010929125, Mnemo: IDL), European leader in contract logistics, today announced its revenues for the first quarter of 2024.

Eric Hémar, Chairman and CEO of ID Logistics, comments: "The first quarter of the 2024 financial year marked a further acceleration in ID Logistics' revenues growth compared with the end of 2023. This good revenues momentum was driven by the start-up of major projects in several of our key countries, both in Europe and across the Atlantic. The Group is thus well positioned to pursue its profitable growth trajectory in 2024".

Revenues, in €m	2024	2023	Variation	Change on a like-for-like basis
1st quarter	736.3	625.9*	+17.6%	+12.4%

*see appendix

REVENUES GROWTH FOR 1^ST QUARTER 2024: +17.6% (+12.4% ON A LIKE-FOR-LIKE BASIS)

ID Logistics recorded revenues of €736.3 million in the 1^st quarter of 2024, up +17.6%.
This good performance includes the revenues of Spedimex, a company acquired in Poland and consolidated since June 1^st 2023. Adjusted for this perimeter effect and a generally favorable exchange rate effect during the quarter, like-for-like growth was +12.4% compared with the 1^st quarter 2023.

Particularly noteworthy during the quarter were:

• Revenues stabilized in France (-0.5% of revenues) after a 2023 characterized by lower consumption volumes;
• Quarterly revenues growth in Europe (excluding France) of +14.3% on a like-for-like basis;
• Very strong momentum in the United States, with like-for-like revenues growth of 29.5%;
• Like-for-like growth of +21.6% in Latin America and Asia.

Over the past quarter, ID Logistics started up 7 new projects.

NEW CONTRACTS

ID Logistics continued to respond to a sustained number of calls for tender during the 1^st quarter 2024.
For example, the Group won or started up the following new contracts:

• In France, before summer 2024, ID Logistics will be starting up a new activity for one of its main customers, a global e-commerce giant, on an 86,000 sq.m. site near Amiens.
• In Brazil, Wella Company, world leader in the beauty industry, has entrusted ID Logistics with the management of logistics activities at its new 12,000 sq.m. national distribution center in the south of the state of Minas Gerais.
• In the United States, continuing its collaboration with one of the world's largest candy manufacturers, ID Logistics will take over management of a 28,000 sq.m. site southwest of Chicago.

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