FranceL ID Logistics records 15% growth in turnover during 2016
28.03.2017 FranceL ID Logistics records 15% growth in turnover during 2016Business Immo, 28 Mar 2017, online:-
French logistics operator ID Logistics generated a turnover of EUR 1.07bn (USD 1.16bn) in 2016, reflecting an annual increase of 15%. On a comparable basis adjusted for negative exchange rate effects and the entry into consolidation of Spanish business Logiters since 1 September 2016, the growth was 9.8%. In France, activity was up by 12.5% to EUR 581.70mn due to the start of several new contracts and the good dynamic of longstanding contracts in terms of volume, while the company's activities abroad generated a turnover of EUR 488.30mn, rising by 18% year-on-year and by 6.2% on a comparable basis (excluding the positive impact of the integration of Logiters and the unfavourable currency effect). This increase was driven by Europe, particularly Spain, Germany and Russia. The group opened its first site in Belgium during the second half of 2016 and now generates 53% of its turnover outside of France. Operating profit before integration costs for Logiters and the shutdown of its Gemersheim site (Germany) amounted to EUR 37.50mn, down from EUR 39.90mn in 2015. The firm opened 14 new sites in France and it 17 new sites abroad during 2016 and the integration of Logiters generated costs of EUR 3.10mn over the year, while the closure of the Gemersheim facility, operated on behalf of Yves Rocher, generated costs of EUR 4.10mn. However, this client has entrusted ID Logistics with all of its logistics activities in Russia. The group's net financial debt stood at EUR 51.10mn at the end of 2016 (EUR 14.50mn in 2015) and its net profit reached EUR 17.40mn (EUR 23.50mn in 2015). In the short term, the company plans to boost the productivity of the new sites opened in 2016 and will work to complete the integration of Logiters in order to improve its level of profitability from the 2017 summer. It also intends to continue to grow at a pace higher than that of the market and respond to the new challenges of its customers. Once these objectives are met, it will seek external growth, particularly in Northern Europe.
©M-Brain
Link to original article