Earnings season looms, with all eyes on the 'health' of Expeditors
The financial third quarter closed on Friday, and now all eyes are on what’s next ...
French contract logistics specialist ID Logistics has reported a 9.2% year-on-year increase in fourth-quarter income, and full-year revenue growth of 6.1%.
In the fourth quarter it earned €374m, with operations in its home market of France bringing in €178.4, year-on-year growth of 10.7%. Its international sales grew at the lesser pace of 7.9%, to finish the year at €195.6m.
The final quarter saw an acceleration of growth, bringing full-year revenue to €1.41bn – France accounting for €685.6m and international activities €724.7m.
The company did not disclose any profit figures.
Chairman and chief executive Eric Hémar said: “This good performance allows us to consider another dynamic year for 2019.”
The company operates a broad range of verticals and began 10 new projects over the course of last year.
In France, it began a “transformation of the logistics organisation of the Descours et Cabaud group, implementing automated systems, such as radio shuttles, goods-to-man and picking stations in a 24,000sq metre facility.
In Russia, it strengthened its relationship with confectioner Uniconf and unveiled plans to open a new 37,000sq metre central hub to act as distribution centre as well as handle e-commerce and co-packing activities.
Q4 18 saw its first presence in Chile, where it began to operate a co-packing activity for Unilever in Santiago. A second, 50,000sq metre facility, “is due to enter service during the first quarter of this year to manage logistics for Unilever’s dry food, home and personal care products”.
And, at a ceremony in the Netherlands this week (pictured above), ID laid the cornerstone of a 70,000sq metre warehouse for multichannel retailer MediaMarkt, which will serve some 49 stores and e-commerce activities.
The operator said: “Thanks to its strategy as a pure player in contract logistics, the quality of its customer portfolio and its broad and coherent geographical exposure, ID Logistics is well positioned to continue its organic growth momentum.”