ID Logistics Group (IDL) Q2 2024 TU earnings summary

Executive summary

• Q2 2024 revenues reached €782.3m, up 19.7% year-over-year, with like-for-like growth of 16.0%.

• H1 2024 revenues totaled €1,518.6m, up 18.7% year-over-year, with like-for-like growth of 14.3%.

• Growth was driven by strong momentum in North America, robust performance in Europe, and a return to growth in France.

• 14 new projects were launched since the start of the year, with 7 in Q2 alone.

Financial highlights

• Q2 2024 revenues: €782.3m (+19.7% reported, +16.0% like-for-like).

• H1 2024 revenues: €1,518.6m (+18.7% reported, +14.3% like-for-like).

• North America Q2 revenues grew 41.7% (+40.0% like-for-like); Europe (ex-France) grew 28.3% (+19.2% like-for-like).

• France Q2 revenues rose 0.3%; Latin America and Asia grew 12.7% (+20.0% like-for-like).

Outlook and guidance

• Positioned for continued profitable growth in 2024, supported by new contract wins and project launches.

• Next financial publication: H1 2024 results on August 28, 2024.