ID Logistics
OUR ACTION ADVISORY ON ID LOGISTICS – The French logistics provider’s business model is working wonders outside France, first in the rest of Europe, but especially in the United States. The result is extraordinary growth.
Have you heard of ID Logistics? As its name suggests, ID Logistics is a contract logistics group whose shares are due to join the SBF 120, the broad index of the Paris Bourse, in June 2023. It has a good chance of staying there: while at the time the share was worth around €250, it is now trading in the €400 range, representing a capitalization of over €2.5 billion.
It has to be said that ID Logistics’ insolent growth, which is not only strong but accelerating, argues in its favor. At the very beginning of the year, we wrote that sales for 2024 could reach the 3 billion euro mark. This seems to be a foregone conclusion: at present, the consensus is that the 3.2 billion euro mark will be exceeded. In short, sales growth will exceed 10% in 2023, and could approach 17% in 2024.
Organic growth in excess of 20%!
A hypothesis that the Group’s latest publication seems to validate: while the dynamics of the half-yearly accounts were already more than robust