Latest news with #IDLogistics
Business Wire
23-07-2025
- Business
- Business Wire
ID Logistics: Continued Strong Growth Momentum in the Second Quarter of 2025, With Revenues Up+ 16.5%
ORGON, France--(BUSINESS WIRE)--Regulatory News: ID Logistics (ISIN: FR0010929125, Ticker: IDL), the European leader in contract logistics, today announced its revenues for the second quarter of 2025. Eric Hémar, Chairman and CEO of ID Logistics, commented: " In the second quarter of 2025, ID Logistics continued to record solid revenues growth. All geographic regions grew, particularly the United States, with an increase in activity of more than 30% at constant exchange rates. In addition, the number of tenders remains high. With already about fifteen new operations already launched since the beginning of 2025, ID Logistics is on track with its business plan and should record another year of growth in 2025." CONTINUED STRONG REVENUES GROWTH IN THE SECOND QUARTER OF 2025: +14.3% (+16.5% AT CONSTANT EXCHANGE RATES) ID Logistics posted revenues of €893.9 million in the second quarter of 2025, up +14.3%. Adjusted for an overall unfavorable currency effect during the quarter, growth was +16.5% compared to the second quarter of 2024, while the basis for comparison was particularly high (+16.0% in Q2 2024). During the second quarter of 2025, the following trends were particularly noticeable: Very strong activity in France (27% of Group revenues) with growth of +15.9%, continuing the strong rebound observed since the fourth quarter of 2024; Good revenues growth in Europe excluding France (47% of Group revenues) +10.2% on a like-for-like basis; Very strong momentum in the United States (18% of Group revenues), with revenues up 31.8% on a like-for-like basis; A 28.1% increase on a like-for-like basis for Latin America and Asia (8% of Group revenues); During the second quarter of 2025, the Group launched eight new projects. ID Logistics thus ended the first half of 2025 with revenues of €1,761.7 million, up 16.0%, including 17.1% at constant exchange rates. During the first six months of 2025, ID Logistics started 14 new projects, a similar level compared to H1 2024. NEW CONTRACTS ID Logistics responded to a steady stream of tenders during the second quarter of 2025. For example, the Group won or started the following new contracts: In France, La Redoute, the French leader in fashion and home e-commerce, has entrusted ID Logistics with the outsourcing of its main logistics activity. Highly mechanized, this 42,000 sq.m. site with more than 300 employees is organized to process more than 3,500 orders per hour. In Poland, ID Logistics has launched a new business for a fast-growing global leader in chocolate candy. In a 30,000 sq.m. warehouse at the customer's production site south of Warsaw, the Group provides warehousing, preparation and co-packing services with around 50 employees. In the United Kingdom, after starting two operations in 2023 and 2024 for a global fashion leader, ID Logistics is continuing its development and will launch a new operation in the third quarter of 2025 for a global e-commerce leader and long-standing customer of the Group. Based in Leeds in the north of the country, this operation will employ 250 people at a 52,000 sq.m. site. In Brazil, ID Logistics launched two sites during the quarter for one of its long-standing customers in e-commerce. The first is in the state of Rio de Janeiro, covering an area of 31,000 sq.m., and the second is in the state of Minas Gerais, covering an area of 51,000 sq.m. They employ more than 900 people in total. OUTLOOK With a diversified customer portfolio of leading players, a balanced geographical presence and a solid development model, ID Logistics is well positioned to continue its growth trajectory. In the short term, the Group is focusing on the smooth start-up of the many operations planned for this year and on maintaining its proximity to its customers in order to provide them with innovative solutions in a rapidly changing global macroeconomic environment. NEXT PUBLICATION 2025 half-year results: August 27, 2025, after market close. ABOUT ID LOGISTICS: ID Logistics, headed by Eric Hémar, is an international contract logistics group with revenues of €3.3 billion in 2024. ID Logistics manages nearly 450 sites in 18 countries representing, more than 9 million m² operated in Europe, America, Asia and Africa, with 42,000 employees. With a customer portfolio balanced between distribution, e-commerce and consumer goods, ID Logistics is characterized by offers involving a high level of technology. Since its creation in 2001, the Group has developed a social and environmental approach through a number of original projects, and is now firmly committed to an ambitious CSR policy. ID Logistics shares are listed on the Euronext regulated market in Paris and are included in the SBF 120 index (ISIN code: FR0010929125, Mnemo: IDL). APPENDIX CHANGE ON A LIKE-FOR-LIKE BASIS Changes in revenues on a like-for-like basis reflect the organic performance of the ID Logistics Group, excluding the impact of: changes in the scope of consolidation: the contribution to revenues of companies acquired during the period is excluded from this period, and the contribution to revenues of companies sold during the previous period is excluded from this period; changes in applicable accounting principles; variations in exchange rates, by calculating revenues for different periods on the basis of identical exchange rates: thus, published data for the previous period are converted using the exchange rate for the current period. Change in revenues from reported to comparable data
Business Wire
28-04-2025
- Business
- Business Wire
ID Logistics: 2024 Universal Registration Document Made Available
ORGON, France--(BUSINESS WIRE)--Regulatory News: ID Logistics (Paris:IDL) announces that its 2024 Universal Registration Document has been filed with the French Autorité des Marchés Financiers (AMF) on April 25, 2025 (n°D.25-0305). The Universal Registration Document is available on ID Logistics's website ( and on the AMF website ( It is also available at ID Logistics' registered office at 55, chemin des Engrenauds, 13660 Orgon - France. The following documents are included in the Universal Registration Document : The report of the Board of Directors on corporate governance along with the related statutory auditors report ; The annual financial report for the year 2024 ; The description of the shares buy-back program. NEXT PUBLICATION Revenues for 2 nd quarter of 2025 : July 23, 2025, after market close. ABOUT ID LOGISTICS : ID Logistics, headed by Eric Hémar, is an international contract logistics group with revenues of €3.3 billion in 2024. ID Logistics manages nearly 450 sites in 18 countries representing, more than 9 million m² operated in Europe, America, Asia and Africa, with 42,000 employees. With a customer portfolio balanced between distribution, e-commerce and consumer goods, ID Logistics is characterized by offers involving a high level of technology. Since its creation in 2001, the Group has developed a social and environmental approach through a number of original projects, and is now firmly committed to an ambitious CSR policy. ID Logistics shares are listed on the Euronext regulated market in Paris and are included in the SBF 120 index (ISIN code: FR0010929125, Mnemo: IDL).
Business Wire
23-04-2025
- Business
- Business Wire
ID Logistics: Strong Year-start With Revenues Growth of +17.9% in Q1 2025
ORGON, France--(BUSINESS WIRE)--Regulatory News: ID Logistics (ISIN: FR0010929125, Mnemo: IDL), the European leader in contract logistics, today announced its revenues for the first quarter of 2025. Eric Hémar, Chairman and CEO of ID Logistics, comments: « Following on from the second half of 2024, ID Logistics recorded strong revenues growth in the first quarter of 2025. The Group continues to benefit from a diversified customer portfolio, the trust of global leaders, particularly in the consumer goods and e-commerce sectors, and a balanced business in terms of geographical exposure. Its contract logistics services are exclusively focused on domestic operations and are demonstrating good resilience against the changing global economic environment. Furthermore, the strong level of embedded growth and the sustained number of tenders should enable ID Logistics to continue its strong development in 2025 ». *see appendix Q1 2025 REVENUES GROWTH: +17.9% (+17.7% ON A LIKE-FOR-LIKE BASIS) ID Logistics posted revenues of €867.8 million in the first quarter of 2025, up 17.9%. Adjusted for a slightly favorable currency effect during the quarter, growth was 17.7% on a like-for-like basis compared to the first quarter of 2024. During the first quarter of 2025, we observed the following in particular: Very good business activity in France, with revenues up 15.8% (27% of Group revenues), continuing the strong rebound recorded in the fourth quarter of 2024; Revenues in Europe excluding France (47% of Group revenues) rose by 13.5% on a like-for-like basis; Strong momentum continued in the United States (18% of Group revenues), with revenues up significantly by 33.6% on a like-for-like basis; Growth of +17.4% on a comparable basis for Latin America and Asia (8% of Group revenue). During the quarter, ID Logistics launched six new projects. NEW CONTRACTS ID Logistics continued to respond to a sustained number of tenders during the 1 st quarter of 2025. By way of example, the Group won or started up the following new contracts: In France, following the launch of its first operation at the beginning of the year, ID Logistics continues its partnership with METRO, a leading food retailer for the food industry, with a new site located in La Brède, near Bordeaux. This 17,000 sq.m. tri-temperature warehouse handles dry, fresh and frozen products; In Germany, ID Logistics is strengthening its international partnership with a global e-commerce leader by opening a 68,000 sq.m. platform in the province of Hesse. This site will handle up to 2 million SKUs and will ultimately employ nearly 700 people; In the United States, in Wisconsin, the Group is opening a new 31,000 sq.m. site for the same leading e-commerce client, employing 350 people. ID Logistics is also continuing to support a global leader in beverages and snacks in the overhaul of its logistics in the United States and has started a new business in the State of Georgia on a 20,000 sq.m. site employing 80 people. In Brazil, ID Logistics is starting operations for one of the world's leading fashion companies, which is a new customer of the Group. Based in the state of Minas Gerais, this site will grow over the duration of the contract from 24,000 sq.m. and 150 employees to 43,000 sq.m. and 350 employees. OUTLOOK While taking into account changes in the global macroeconomic environment, ID Logistics believes it is well positioned overall to maintain its growth: the Group exclusively operates domestic logistics operations, serving leading international customers, mainly in the consumer goods and e-commerce sectors. Over the past few years, the Group has demonstrated its ability to adapt and the strength of its business model thanks to its customer centricity, its capacity for innovation and its diversified and geographically well-distributed business portfolio. ID Logistics intends to take advantage of its good level of embedded growth and the significant number of tenders to continue its rapid development. The Group also confirms its intention to use its strong investment capacity to pursue external growth opportunities. NEXT PUBLICATION Revenues for 2025 2 nd quarter: July 23, 2025, after market close. ABOUT ID LOGISTICS: ID Logistics, headed by Eric Hémar, is an international contract logistics group with revenues of €3.3 billion in 2024. ID Logistics manages nearly 450 sites in 18 countries representing, more than 9 million m² operated in Europe, America, Asia and Africa, with 42,000 employees. With a customer portfolio balanced between distribution, e-commerce and consumer goods, ID Logistics is characterized by offers involving a high level of technology. Since its creation in 2001, the Group has developed a social and environmental approach through a number of original projects, and is now firmly committed to an ambitious CSR policy. ID Logistics shares are listed on the Euronext regulated market in Paris and are included in the SBF 120 index (ISIN code: FR0010929125, Mnemo: IDL). APPENDIX *see below CHANGE ON A LIKE-FOR-LIKE BASIS Changes in revenues on a like-for-like basis reflect the organic performance of the ID Logistics Group, excluding the impact of: - changes in the scope of consolidation: the contribution to revenues of companies acquired during the period is excluded from this period, and the contribution to revenues of companies sold during the previous period is excluded from this period; - changes in applicable accounting principles; - variations in exchange rates, by calculating revenues for different periods on the basis of identical exchange rates: thus, published data for the previous period are converted using the exchange rate for the current period. Change in revenues from reported to comparable data
Forbes
06-04-2025
- Business
- Forbes
Why Tariffs Could Help This French Logistics Billionaire's Business
ID Logistics French logistics company ID Logistics took a hit from Trump's tariffs this week, with its stock tumbling 10.7% after they were announced by the U.S. president late Wednesday. Founder and CEO Eric Hémar, whose fortune is held in his 55% stake in ID, lost $200 million, ending the week worth $1.3 billion. It's no surprise given that ID is caught in the middle of the international showdown. ID—which manages the flow of goods in and out of warehouses for companies like Amazon and Inditex, packaging items before they're shipped to consumers—is the leading logistics company in France, and also has a presence in 18 other countries. Approximately 70% of its $3.6 billion in revenue comes from outside of France, with the greatest share from Poland, followed by the U.S., then Spain and Portugal. But Hémar, 61, doesn't appear to be rattled. After all, he has never focused on short-term hits, instead keeping an eye on the future. 'That's his strength,' says IDMidCaps analyst Mohamed Mansour. 'He's thinking more long term, compared to many competitors where the managers don't have as much skin in the game.' When asked about the tariffs, Hémar responded calmly, explaining it was difficult to say. 'My business is domestic,' he said, 'Directly speaking, my business is not concerned. I'm not responsible for the volume between America and Europe. Where I am directly concerned is that my business is sensitive to the economic climate. If it's not going well, people will not buy as many goods from [customers like] Carrefour, Nespresso, Amazon, et cetera. But you know, it is indirect.' One analyst with whom Forbes spoke thinks that an economic downturn could encourage companies to outsource more of their logistics and drive more business to ID. 'Most of the push towards externalization is actually done during uncertain economic times, when the macroeconomy is not so great,' because companies are then eager to find new ways to cut costs, says Nicolas Delmas, an analyst at Portzamparc Groupe BNP Paribas. The contract logistics industry barely existed a few decades ago, when most companies handled their own packaging and shipping. Now businesses are increasingly realizing they can save money by outsourcing those tasks. There's extra incentive to do so because supply chains are becoming more time-sensitive and complex, especially with the growth of e-commerce, which requires managing an unprecedentedly large number of products—and often thousands that are added and subtracted weekly—as well as 'reverse logistics,' or customer returns. The industry is set to keep growing: BNP Paribas estimates that the contract logistics market in the U.S. is only 20% built out; the most mature market is the U.K., at just 60%. 'Hemar's not set in his ways. You have some CEOs that have that same background and are kind of stuck, cannot really embrace changes. He's not like that.' Amazon, the world's largest online retailer, still does most of its own logistics but is slowly externalizing them, and Hémar is the man it chose to initiate that process in the U.S. ID and Amazon started working together in France in 2017, opened a site in Germany the following year, and now partner in six countries—including three warehouses in the U.S., according to BNP. The retailer trusts Hémar with its trickiest tasks: managing the rare products that are hazardous, heavy, bulky or non-sortable, ones that generally can't be automated and sometimes must be moved by forklift. Logistics companies that nab such gargantuan players early will keep reaping the benefits, because it's often prohibitively risky for customers to switch contractors and potentially disrupt their supply chain. 'The contract logistics business is a little like marriage,' says Hémar. 'When the customer decides to work with you, in his mind, he thinks that he will probably continue in the very, very long term.' Over 90% of ID's customers renew their contracts. But choosing a logistics love interest is complicated by the fact that most companies aren't all that different from each other. Hémar even admits that ID and its biggest rivals, like GXO and DHL, all have basically the same pricing, technology offerings and customer acquisition strategies. Without an obvious competitive advantage, then, how does ID set itself apart? 'We understood maybe a little better than some competitors that the real added value of a company like ID Logistics was the service, not the assets,' Hémar says. The company doesn't own its warehouses (it rents them), or the robot technologies it uses on packaging assembly lines (it contracts out the manufacturing of the robots, usually securing a six-month exclusivity period before the manufacturers can sell them elsewhere). This allows ID to tailor warehouses to each customer's needs, and even more crucially, to shift systems quickly when those needs change. 'We focus on innovation a lot,' Hémar explains. 'We propose to use this solution today, but probably the solution will not be exactly the same in three years.' 'That was really the key on my side,' says Gregoire Hirtz, vice president of operations at ManoMano, a European home and garden online marketplace. In 2021, ManoMano was dissatisfied with its logistics partner and had made that rare decision to sever the relationship. It began meeting with Hémar and other potential new contractors. Says Hirtz: 'Where ID Logistics convinced me was that they said, 'Okay, you have a vision of where you want to go. The vision will evolve a lot. What we propose is to define a framework in which we build together.' We were not looking for what is happening usually, where logistics is a kind of commodity—just you buy something, you get something.' Hirtz signed with ID and kicked off the contract with a particularly difficult assignment: ID had just three months to set up a new warehouse and packaging system from scratch and transfer over all goods before Black Friday, that late November day kicking off the most important retail weekend of the year. Hémar pulled it off, and Hirtz was so impressed that he extended ID's contract early, turning a three-year deal into five years. ID handles about 30% of ManoMano's logistics now and has overseen a doubling of its warehouse size and 6x growth in the volume of goods since beginning the partnership. Hirtz says Hémar takes the time to meet with him two times a year, despite being one of his smaller customers. In fact, Hémar visits clients every week. He spoke to Forbes on a video call from Paris a few days after he'd met with Amazon in Luxembourg. The week before that, he was in Spain with the fast fashion group Inditex (parent of Zara and several other chains), for which ID fills customer orders and handles some returns and repairs. He tries to visit every country where ID has warehouses at least once a year and is often traveling on weekends. In addition, he spends at least two days out of every week in Paris, where he lives, and two days in Orgon, the small town where ID is based in the south of France. Hémar was born in Paris, but his family comes from Brittany, a region in northwestern France where he says people are known for being stubborn. Many of his early years were spent climbing a traditional ladder to success: Top-notch grades allowed him to attend France's National School of Administration (ENA), a highly selective post-graduate university for training civil servants. Famous alumni include 13 French presidents and prime ministers, as well as many business executives. The school was criticized for contributing to the dominance of elites in the French government, and President Emmanuel Macron (an ENA graduate) closed it in 2021. 'He's kind of the archetype of a CEO of a SBF 120 company in France,' says Delmas, referencing an index of the most actively traded stocks on the Paris market. 'But he's not set in his ways. You have some CEOs that have that same background and are kind of stuck, cannot really embrace changes. He's not like that.' In part, that's because Hémar was still a child when he learned the limits of being 'just' a CEO. His father was rising in the ranks of multinational conglomerate Suez Group, but over meals at home in Paris, he'd vent to his family about being beholden to shareholder interests and fantasize about the investments he'd pursue if he had ultimate decision-making power. By the early 1990s, his father had been promoted to the head of ISM, a Suez subsidiary that controlled seven real estate companies, but was forced to watch helplessly as the owners—facing financial problems and needing liquidity—reorganized Suez and sold off many ISM assets, Hémar remembers. He ended up retiring early. Hémar watched and thought, ''I'd like to be my own boss.'' 'I always said if I could create my own company, I would,' says Hémar. 'And I was lucky that in logistics, you can do it, because the level of investment is not so huge and you can grow piece by piece.' After graduating from ENA, Hémar spent four years at France's national audits court, did a stint at the equipment and transport ministry—where he picked up his interest in transportation—and then moved to a subsidiary of SNCF, France's state-owned railway company. SNCF spun off its non-rail holdings in 1995 to form Geodis and tried to recruit Hémar to a new logistics unit there. His boss told him bluntly that no one else wanted the job. 'Nobody was interested in logistics,' Hémar remembers. 'They considered it as only a way to add volume to transportation activity.' But he decided to give it a try. Those five years at Geodis, including four as deputy director, were Hémar's training in the industry. But Geodis was struggling with financial problems, and when new leadership came in 2001 and threatened to reorganize the business (harkening back to Hémar's father's travails a decade earlier), he decided to finally pursue his lifelong dream of starting a company. He spotted an opportunity to acquire his first customer, the French supermarket Carrefour, by taking over a small logistics business near Avignon that was working with the chain. He founded ID Logistics there with an initial investment of roughly $1.2 million: one-third each from his own savings and those of his father and his father-in-law. ('I reimbursed [them later],' he assures.) It's unusual for a significant multinational company to be based outside of Paris, but he stayed in the region where he started—it's a 'great place to attract talent and keep it' says Hémar—and still works with Carrefour. 'It's remote,' Hirtz notes, and makes a comparison: 'Instead of being based out of New York, you are somewhere in Alabama.' 'He had a vision,' says TP ICAP analyst Florent Thy-Tine. 'At the time, the outsourcing rate was quite low. He could see that contract logistics would grow.' In particular, Hémar had noticed that French retailers were increasingly exporting products to what were then called 'emerging markets' in South America and East Asia but didn't have effective logistics systems on the ground in those places. 'There was nobody who wanted to put their finger in this type of country,' he remembers. ID Logistics opened its first subsidiary in Taiwan, following Carrefour there in early 2002. By 2012, ID had expanded to a dozen countries—entering them judiciously, almost always at the request of existing clients that were expanding their footprints—and wanted to begin making more significant acquisitions. That year it listed 25% of its shares in an IPO that raised about $35 million. Hémar followed that up in 2013 by buying CEPL, a French competitor that specialized in retail order fulfillment. More recently he's picked up Atlanta-based Kane Logistics (2022) and Stryków-based Spedimex (2023) in Poland. One of Hémar's areas of focus right now is artificial intelligence, though he doesn't expect it to revolutionize the business. ID is experimenting with AI tech that creates a 'digital twin' of a warehouse showing the flows of goods in real time. The model immediately sends alerts when it spots problems and analyzes ways to optimize efficiency. A few particularly complicated ID warehouses use them so far. Overall, though, Hémar expects a bigger impact to come from increased automation, meaning that he'll rely more on robots to take care of packaging and storage. He doesn't think there will ever be warehouses that are entirely run by robots—about 60% of processes are very difficult to automate, he says. Regardless, he's not worried about automation causing significant job losses because logistics has long had worker shortages. Despite global tensions, expanding in North America is one of Hémar's current top priorities. He says that ID just moved into Canada for the first time, though he can't yet share with which customer, and that he's also eyeing Mexico. And it continues to see great potential in the U.S., where its revenue grew more than 40% last year and it still holds less than 2% market share. Growth within North America's burgeoning market is essential if ID is going to maintain its routine of doubling its revenue every five years, which Hémar says is his goal. Luckily, enlarging ID's portfolio is one of his favorite parts of the job: 'When we win a new customer, that means we're able to convince this guy that we are good,' he says. 'It's a real satisfaction.'
Khaleej Times
17-02-2025
- Business
- Khaleej Times
Online shopping giants bet on AI to curb clothes returns
From sizing advice via selfies to robot stock-takers, online shopping behemoths have increasingly turned to artificial intelligence in a bid to stem the flow of bad-for-business clothes returns. Up to 30 per cent of fashion items bought on the internet are sent back, according to a late 2024 study by consulting firm McKinsey and the Business of Fashion website -- not least because "clients are buying several sizes or styles and returning most of them". That practice drags down profit margins. Each returned package costs between $21 and $46 on average given the costs of transport, treatment and making the item fit for selling again, according to a separate McKinsey study. "Seventy percent of returns are linked to a sizing issue," said Zoe Tournant, whose company Fringuant markets an AI-driven algorithm to fix that, charging clients between 5,000 to 100,000 euros ($5,250 to $105,000) a year. Armed with the customer's height, weight and a quick selfie taken on the phone, the French-based startup promises shoppers a better idea of what size would fit them best. "With the selfie we detect their age, gender", to help "refine" the image of the customer's body fed into its AI model, trained for a year on thousands of photos, Tournant explained. Within seconds that model is then matched up with the garment's dimensions provided by the brand to tell shoppers whether a jumper "falls perfectly on the shoulder" or if there are "doubts at the level of the hips" for a pair of trousers. Tournant said her firm has some 20 clients, including upmarket womenswear label Maje, which she claimed has seen a dramatic drop in returns. - 'Avoid returns' - Similarly tempted by AI's promise, Zalando acquired Swiss start-up Fision in 2020, one of a raft of companies working in the size-prediction niche. Since July 2023 the German heavyweight retailer has adopted its own AI-driven sizing tool where customers help avoid returns "by taking two photos of themselves with their phone while wearing tight-fitting clothes", Zalando told AFP. Besides sizing, e-commerce firms are also counting on AI to help avoid returns caused by shipping errors and automate their stock counts. At ID Logistics, which operates in 18 countries, the order pickers' trolleys are equipped with a smart camera to check that the colour or size of the product retrieved from the shelves matches the order. The device immediately alerts the worker if they have picked up the wrong item. In less than two years, this camera has "reduced by 90 percent" the number of incorrect parcels, explains Ludovic Lamaud, ID Logistics Director of Development and Innovation. Elsewhere in the warehouse, an independent robot "rammed with AI" likewise maps the premises to "update the stock according to what it sees", processing "6,000 to 30,000 pallets a night". "The right stock prevents preparation errors and therefore returns," said Lamaud.
