ID Logistics Group (IDL) Q3 2024 TU earnings summary

Executive summary

• Q3 2024 revenues reached €827.3m, up 19.6% year-over-year, with like-for-like growth of 20.1%.

• Nine-month 2024 revenues totaled €2,345.9m, up 19.0% year-over-year, or 16.3% like-for-like.

• All regions contributed to growth, with notable rebounds in France and strong momentum in the US.

• 21 new projects launched since the start of 2024, including major contracts in France, Romania, Germany, and Italy.

Financial highlights

• Q3 2024 revenues: €827.3m vs €691.8m in Q3 2023 (+19.6%).

• Nine-month 2024 revenues: €2,345.9m vs €1,971.2m in 2023 (+19.0%).

• Like-for-like growth: Q3 +20.1%, nine months +16.3%.

• Spedimex acquisition in Poland contributed to consolidated results since June 2023.

Outlook and guidance

• Anticipates record growth for 2024, driven by business recovery in France and acceleration in the US.

• Focus remains on ramping up productivity at new sites and managing year-end business peaks.