ID Logistics: 2013 full-year revenues: up 31.4% at €735.1 million (18.5% like-for-like)

  ID Logistics:2013 full-year revenues: up 31.4% at €735.1 million (18.5%
  like-for-like)

  *Robust performance in France with organic growth of 8.8% in 2013; further
    organic growth in Q4 2013 at 9.8%
  *Strong growth in international activities at 34.8% like-for-like over the
    full year, with revenues up 32.8% in Q4 2013
  *Growth potential of the acquisition of CEPL confirmed both in terms of
    existing clients and detail picking activities
  *Continuing solid business momentum

Business Wire

CAVAILLON, France -- January 23, 2014

Regulatory News:

ID Logistics (Paris:IDL), one of the French leaders in contract logistics,
generated revenues of €735.1 million in 2013, up 31.4% compared with 2012
(18.5% like-for-like).

Commenting on these figures, Eric Hémar, Chairman and CEO of ID Logistics,
said: “ID Logistics achieved remarkable growth in 2013 in all regions. In
France, the Group was once again able to maintain its growth in the fourth
quarter of 2013 thanks to new contracts. In international markets, ID
Logistics continued to roll out its strategy of robust growth with solid
business momentum, particularly in Russia, Poland and Argentina. Lastly, the
integration of CEPL confirms the Group’s potential to expand its business in
the detail picking sector, both in France and abroad.”

                                               
(in millions of euros)   2013    2012    Change   Like-for-like
                                                          change*
Revenues                   735.1   559.6   31.4%    18.5%
France                     417.6     340.8     22.5%      8.8%
International            317.5   218.8   45.1%    34.8%

* at constant exchange rates and scope of consolidation excluding fruit and
vegetable activities discontinued in June 2012

FURTHER ROBUST ORGANIC GROWTH

ID Logistics’ consolidated revenues for 2013 totalled €735.1 million, a sharp
increase of 31.4% (18.5% like-for-like) compared with 2012. During the fourth
quarter of 2013, consolidated revenues came to €218.1 million, up 46.0% (18.3%
like-for-like).

On a reported basis, the change in revenues reflects two main events:

  *The consolidation of CEPL into the financial statements since 1^st July
    2013;
  *An unfavourable currency effect of around 4% relating primarily to the
    Brazilian real and the Argentine peso.

In France, revenues came to €417.6 million, up 8.8% compared with 2012 on a
like-for-like basis. During the fourth quarter of 2013, the Group generated
revenues of €123.1 million, up 9.8% compared with the fourth quarter of 2012.
This strong growth is mainly due to continuing solid volumes and the start of
new contracts during the fourth quarter of 2013.

In international markets, revenues stood at €317.5 million, up 34.8% on a
like-for-like basis. During the fourth quarter of 2013, the Group generated
revenues of €95.0 million, up 32.8% compared with the fourth quarter of 2012.
International revenues remained brisk, driven chiefly by growth in emerging
markets, in particular Russia, Argentina, South Africa and Poland. Overall in
2013, international activities accounted for 43% of the Group’s total
revenues, including the consolidation of CEPL.

CONTINUING SOLID BUSINESS MOMENTUM

ID Logistics is continuing to enjoy solid business momentum with a high
success rate for responses to tenders both in France and abroad. For example:

In France, in the fourth quarter of 2013:

  *Carrefour selected ID Logistics for its future site in Les Arcs (83), to
    serve all of its stores in the south-east of France
  *The Suntory Group (Orangina-Schweppes, Européenne d’embouteillage)
    selected ID Logistics to operate its platform in Chessy (45)
  *Lastly, Point P, via its specialist retailers CEDEO and BROSSETTE,
    selected ID Logistics to operate two platforms in Derval (35) and Satolas
    (69)

In international markets, ID Logistics achieved a number of business
developments, in particular:

  *The extension in Brazil of its partnership with Privalia, already client
    in Spain
  *Qualification for a new platform in Russia for the MVideo Group
  *The opening of a platform for Auchan in Poland

OUTLOOK FOR 2014

The Group has entered 2014 with a positive outlook:

  *A portfolio of request for proposals similar to that seen in previous
    years in the various countries in which it operates;
  *The end of the operational integration of sites owned by CEPL, acquired in
    July 2013. This integration should allow the Group to seize opportunities
    to develop its activities in the detail picking sector both in France and
    abroad;
  *The renewal of current contracts. In this regard, the renewal on 1^st
    January 2014 of its contractual commitment with a number of leading
    perfumery and cosmetics brands owned by the LVMH Group (Guerlain, Parfums
    Givenchy, Kenzo Parfums and Fendi) for a period of five years illustrates
    ID Logistics’ expansion strategy of making the luxury goods, perfumery and
    cosmetics sector a key element in its growth.

NEXT PUBLICATION

  *2013 full-year results on 25 March 2014, after market close

ABOUT ID LOGISTICS

ID Logistics is an international contract logistics group, with revenue of
€735 million in 2013. After the acquisition of CEPL in July 2013, the group
has 170 sites across 14 countries, representing 3.1 million m² of warehousing
facilities in Europe, Latin America, Asia and Africa, along with 13,000 staff.
A major supplier to the retail, industry, detail picking and e-commerce
sectors, ID Logistics delivers high-tech solutions and is firmly committed to
sustainable development. ID Logistics is listed on Compartment B of NYSE
Euronext’s regulated market in Paris (ISIN Code: FR0010929125). The Group is
managed by Eric Hémar.

APPENDIX
(in millions of euros)        2013    2012    Change   Like-for-like
                                                               change*
                                                 
1st quarter                                          
              France            87.8      82.6      6.3%       8.2%
              International     62.3      50.0      24.6%      32.3%
            Total           150.1   132.6   13.2%    17.2%
                                                 
2nd quarter
              France            92.4      86.0      7.4%       7.5%
              International     68.2      49.4      38.1%      43.9%
            Total           160.6   135.4   18.6%    20.6%
                                                 
3rd quarter
              France            114.3     82.2      39.1%      9.5%
              International     92.0      60.0      53.3%      30.9%
            Total           206.3   142.2   45.1%    17.9%
                                                 
4th quarter
              France            123.1     90.0      36.8%      9.8%
              International     95.0      59.4      59.9%      32.8%
            Total           218.1   149.4   46.0%    18.3%
                                                 
Total
              France            417.6     340.8     22.5%      8.8%
              International     317.5     218.8     45.1%      34.8%
            Total           735.1   559.6   31.4%    18.5%

* at constant exchange rates and scope of consolidation excluding fruit and
vegetable activities discontinued in June 2012

Contact:

ID Logistics
Yann Perot
Chief Financial Officer
Tél. : +33 (0)4 32 52 97 11
yperot@id-logistics.com
or
Medias / Investors
Brunswick
Agnès Catineau / Mathilde Rodié
Tél.: + 33 (0)1 53 96 83 83
idlogistics@brunswickgroup.com
 
Press spacebar to pause and continue. Press esc to stop.