Revenues Q2 2023 : +3.6%

PRESS RELEASE

Orgon, July 24, 2023 - 5:45 pm

ID Logistics thus ended the 1st half of 2023 with revenues of €1,288.6 million, up +10.3%, of which +4.3% on a like-for-like basis. Since the beginning of the year, ID Logistics has started up 12 new projects, and despite the postponement of some projects to the second half of 2023, the Group is on track with its roadmap for 2023.

NEW CONTRACTS

ID Logistics continued to respond to a sustained number of tenders during the 2nd quarter of 2023. For example, the Group won or started up the following new contracts during the quarter:

• In France, ID Logistics is continuing its partnership with Intermarché, and will open a new 57,000 sq.m. site in the south of France before the end of 2023. This activity will manage Intermarché's food and non-food goods but will also call on the Group's expertise in the management of alcoholic beverages and will employ over 160 people.
• In Spain, ID Logistics started up a new business for a major retailer, already a Group customer, on a 22,000 sq.m. site in the Valladolid region.
• A year after setting up in Italy, ID Logistics opened a new site for an international fashion company during the quarter and is preparing to start up a new activity for a major retailer in Milan.
• In the United States, ID Logistics completes its geographical coverage with its first 12,000 sq.m. facility in Texas for its long-standing customer in the United States. With this latest opening, the Group now covers the entire Sun Belt, a region with strong economic potential stretching from the West Coast to Florida.
• Lastly, a year after the acquisition of Kane Logistics, the Group is realizing its first commercial

synergies by supporting European customers in their expansion in the United States. In the 2nd half-year 2023, ID Logistics will be starting up a new business on an 86,000 sq.m. site in Pennsylvania for one of its main customers, a global e-commerce giant.

INAUGURATION OF ID LOGISTICS' 1ST UK SITE, DEDICATED TO RETURN FLOW MANAGEMENT

Following the acquisition of Spedimex, a specialist in fashion logistics in Poland last May, a major fashion customer decided to entrust ID Logistics with the management of e-commerce and store returns for the UK zone. This new activity, based in an 18,000 sq.m. warehouse and employing 250 people in Northampton, has benefited from the expertise of the group's Polish teams and e-commerce support for its start-up in June.

This move into the UK, the 18th country for ID Logistics, gives the Group an additional opportunity to realize future commercial synergies, in particular with Anglo-Saxon customers currently based in the U.S.

OUTLOOK

Against a backdrop of low consumption in the 1st half of 2023, ID Logistics is focusing on implementing its variable cost model to further increase its operating profitability.

The end of the inflation peak should be accompanied in the 2nd half of 2023 by a recovery in consumption and promotional periods, as the Group has already seen in several European countries where it operates. ID Logistics is preparing for the numerous start-ups mentioned above, which will contribute to the acceleration of revenue growth from the 2nd half of 2023 onwards.