ID Logistics shares jump on 'good quality' Q2, new deals

Id Logistics SAS

23/07/2024 08:33

** Shares in ID Logistics  IDLA.PA  jump over 7% after the
French company reported its Q2 update
    ** Posted a nearly 20% of its Q2 revenues to 782.3 million
euros ($851.30 million) 
    ** Announced new deals, including its second one with a
global e-commerce giant for the management of a new platform in
Pennsylvania, and its first contract with one of the world's
leading manufacturers and distributors of snacks in the U.S.
    ** "Good quality" update says Portzamparc's Nicolas Delmas
and hikes its FY revenue estimate
    ** If gains hold, the stock is tracking its best day since
March 2022
    ** Among top risers on France's SBF 120  .SBF120 


($1 = 0.9189 euros)

 (Reporting by Michal Aleksandrowicz)
 ((michal.aleksandrowicz@tr.com))