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Group confident in its ability to maintain robust rate of growth
ID Logistics generated revenues of €874.5 million in 2014, an increase of 19.0% on the previous year. Organic growth came to 11.4% with strategic developments in China, Russia and eCommerce activities.
Adjusted for currency effects and the impact of the consolidation of CEPL (consolidated as of July 2013), revenues remained robust in 2014, with organic growth of 11.4%. Growth continued to be driven by the buoyant contract logistics market and gains in market share, thanks to the relevance of the Company’s commercial offering and geographical positioning. In the fourth quarter, organic growth came to 9.3% on the back of a solid performance in France (+6.8%) and further developments in international activities (+12.6%).
France saw organic growth of 9.3% in 2014, with the launches of major contracts such as Conforama (for the management of all of the group’s eCommerce activities in France), Saint-Gobain Distribution (with the opening of three warehouses), Nespresso (for B to B and eCommerce distribution) and Cdiscount (with the management of some of its logistics flows from a platform in the Paris region).
In international activities, organic growth remained at a solid 14.4% in 2014, with particularly strong performances in Spain and Poland. The year also saw a second contract in Russia with the launch of a warehouse for MVideo (Russia’s leading consumer electronics retailer with 368 stores) and a major contract for Carrefour in China to distribute to 62 hypermarkets in Shanghai from a 26,000 m2 warehouse. Overall, international revenues continued to account for 43.0% of the Group’s total revenues.
Looking ahead, ID Logistics has entered 2015 with a large portfolio of calls for tenders in progress in the majority of countries in which it operates. Despite the current economic climate, both in France and in other countries, resulting in longer decision-making processes for new projects, the Group remains confident about its ability to maintain a robust rate of growth.