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ID Logistics reports 14.5% growth in 9M, 2021 revenues 25 October 2021

Since the beginning of 2021, ID Logistics has opened 20 new warehouses

ID Logistics maintained a strong growth of its revenues in Q3, 2021 to reach €468.2 million, up +13.6% as reported and on a like-for-like basis. As a reminder, the activity of Q3, 2020 had already recorded a rebound of +7.3% following the easing of the lock-down measures related to Covid-19 in most of the countries where ID Logistics is active. The Group continues to benefit from its recognised expertise in eCommerce, which was the source of most of the new projects started during the last quarter

In France, ID Logistics recorded good revenue growth of +4.0% to €191.1 million during the past quarter. Outside France, growth continued in Q3, 2021 at a sustained pace, with revenues reaching €277.1 million, up +21.4%, reported and like-for-like.

ID Logistics ended the first nine months of the year 2021 with revenues of €1,361.3 million, up +14.5% (+16.3% like-for-like). In 2020, revenues at 30 September had already risen by +5.3% over the same period. Revenues in France increased 7.6% to €567.8 million, while international revenues were up 20.1% and 23.4% like-for-like to €793.5 million.

Since the beginning of 2021, ID Logistics has opened 20 new warehouses (seven in France and 13 internationally), ahead of the 2021 business plan. During Q3, 2021 itself, the Group started up 11 new operations, more than half of which are dedicated to eCommerce.

The number of tenders to which ID Logistics is invited remained significant in Q3, 2021. For example, the Group won or started up the following new contracts during Q3, 2021:

> In France, ManoMano, the French leader in eCommerce for domestic DIY, has chosen ID Logistics to manage its new national platform. This site will be staffed by more than 200 people on 36,000 m2.

> In Belgium, ID Logistics will open a 15,000 m2 site for Impermo, one of the Belgian leaders in tiles and parquet. This site should eventually be expanded to 50,000 m2.

> In Argentina, ID logistics is supporting the growth of Dia, a major player in the retail sector, and is opening a new 11,000 m2 warehouse to centralise the drugstore and hygiene products (DPH) activity.

Looking ahead, ID Logistics is well on track to continue its profitable development, while remaining vigilant to the impact of the Covid-19 crisis. The ID Logistics teams also remain fully focused on the success of operations in the last quarter (Black Friday, end-of-year celebrations) in order to meet the challenges of the ever-increasing peaks in activity. Finally, ID Logistics remains attentive to external growth opportunities, particularly in Northern Europe and the US.

Release of Q4, 2021 revenues will take place on 25 January 2022 after market close.