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H1, 2021 revenues climb 15.0%
ID Logistics has announced its sales for the second quarter 2021, demonstrating another quarter of strong activity, both in France and outside France, where growth momentum is not slowing down. The continued growth of revenues is even more noticeable given that the Group managed to keep its revenues stable in Q2, 2020 marked by strict lockdown measures in several countries.
ID Logistics confirms the good start to 2021 with continued strong revenue growth in Q2, 2021 to reach €457.4 million, up +19.1% and +20.5% on a like-for-like basis. As a reminder, activity in Q2,2020 recorded a slight decrease (-0.6%) despite lockdown measures, particularly in France and Spain.
In France, ID Logistics recorded a +14.8% increase in revenues to €195.9 million in the past quarter. Q2, 2020 had been impacted by the lockdown measures in April and early May 2020 before rebounding strongly in June 2020 to end up slightly down (-5.9%) compared to Q2, 2019. The temporary downturn in activity was therefore largely offset by the good performance recorded in Q2, 2021.
International revenues continued to accelerate in Q2, 2021, with revenues up 22.5% to €261.5 million. Adjusted for a generally unfavourable currency effect, revenues were up 25.1% like-for-like compared with Q2, 2020. As a reminder, international activity had increased by +4.1% despite the global health crisis.
ID Logistics thus concludes H1, 2021 with revenues of €893.1 million, up 15.0% (+17.7% on a like-for-like basis), with a level of activity benchmarked in 2020 that had already increased by +4.3% over the same period. Growth in eCommerce activity remains dynamic and accounted for 27% o.0f revenues in the first half of 2021. ID Logistics has started up nine new warehouses (four in France and five internationally) since the beginning of the year, in line with the roadmap set for 2021.
The number of tenders to which ID Logistics is invited remained significant in Q2 of 2021. For example, the Group won or started up the following new contracts during Q2, 2021:
In France, ID Logistics will increase its eCommerce position by starting a new activity for a strong
eCommerce pure player for non-sortable products. The operations will start in July 2021 on a 70,000 m2 warehouse, located in the North of France. About 500 FTE will operate in this site.
In Spain, Nueva Pescanova Group, a leading international seafood company, has selected ID Logistics to manage three of its factory warehouses located in Chapela and Porriño (Pontevedra) and Arteixo (A Coruña). ID Logistics, in addition to managing the day-to-day activities, ID ensures the customs obligations and supports the transformation process of the operations.
In Russia, ID Logistics started a strategic cooperation with LPP, a leading fashion company, strengthening its position in the eCommerce logistics market in Russia. A new 30,000 m2 warehouse, dedicated to eCommerce operations and located in the Moscow region, will be operated by more than 300 FTE.
Looking ahead, ID Logistics remains attentive to external growth opportunities, particularly in Northern Europe and the US.