Brief: ID Logistics FY Net Profit Up At EUR 35.7 Million

Id Logistics SAS

16/03/2022 17:22

March 16 (Reuters) - ID Logistics SAS  IDLA.PA :
    * FY NET PROFIT ROSE 26.6 PERCENT TO 35.7 MILLION EUR
    * FY REVENUE ROSE 16.3 PERCENT TO 1.911 BILLION EUR
    * FY UNDERLYING OPERATING INCOME: +25.0% TO EUR 75.6 MILLION
    * FY CASH FLOW FROM OPERATIONS: +22.5% TO EUR 188.9 MILLION
AFTER
INVESTMENTS IN OPERATIONS
    * END-FY FINANCIAL DEBT: LIMITED TO 0.9X EBITDA EXCLUDING
IFRS 16
    * IN 2022, ID LOGISTICS FOCUS WILL BE ON SUCCESSFUL
INTEGRATION OF
ITS RECENT ACQUISITIONS: GVT IN BENELUX, COLISWEB IN FRANCE
(FINALIZED IN JANUARY 2022) AND ABOVE ALL KANE LOGISTICS IN
UNITED STATES (ACQUISITION STILL SUBJECT TO APPROVAL OF AMERICAN
ANTITRUST AUTHORITIES)
    * ID LOGISTICS RECALLS THAT IT HAS NO ACTIVITY IN UKRAINE
AND THAT
ITS SALES IN RUSSIA REPRESENT ABOUT 1% OF GROUP'S REVENUES
    * DESPITE THIS LIMITED EXPOSURE, GROUP IS CAREFULLY
MONITORING
SITUATION
    * ACCELERATED PACE OF ITS INVESTMENTS BY EUR 82.4 MILLION IN
2021
COMPARED TO EUR 57.8 MILLION IN 2020
    * REMAINS FOCUSED ON INCREASING PRODUCTIVITY OF RECENT
PROJECTS
AND CONTROLLING START-UPS EXPECTED IN 2022 AT A SIMILAR LEVEL TO
2021

Source text for Eikon:  ID:nBwbwLNhPa 
Further company coverage:  IDLA.PA 

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