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IDL — Id Logistics SAS News Story

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ID Logistics jumps as Q3 growth accelerates

BUZZ-ID Logistics jumps as Q3 growth accelerates

** Shares in ID Logistics IDLA.PA jump 7.6% after the French company posted "more than satisfactory" Q3 results, with revenues rising 25%

** "This publication is, once again, more than satisfactory," brokerage TP ICAP Midcap says

** ID Logistics posts Q3 revenue of €1.18 billion ($1.33 billion)

** Despite France accounting for only around 20% of group sales and a challenging environment, the company continues to deliver solid growth, the broker adds

** "This quarter marks a further acceleration compared with the first and second quarters," Midcap says

** The stock heads for its best day since March 2022; sits on top of France's SBF 120 index .SBF120

($1 = 0.8893 euros)


(Reporting by Hugo Lhomedet)

((hugo.lhomedet@thomsonreuters.com))

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