A busy 2018, now ID Logistics is looking forward to 'another dynamic year'

French contract logistics specialist ID Logistics has reported a 9.2% year-on-year increase in fourth-quarter income, and full-year revenue growth of 6.1%.In the fourth quarter it earned €374m, with operations in its home market of France bringing in €178.4, year-on-year growth of 10.7%. Its international sales grew at the lesser pace of 7.9%, to finish the year at €195.6m. The final quarter saw an acceleration of growth, bringing full-year revenue to €1.41bn – France accounting for €685.6m and international activities €724.7m. Chairman and chief executive Eric Hémar said: “This good performance allows us to consider another dynamic year for 2019.” The company operates a broad range of verticals and began 10 new projects over the course of last year. In France, it began a “transformation of the logistics organisation of the Descours et Cabaud group, implementing automated systems, such as radio shuttles, goods-to-man and picking stations in a 24,000sq metre facility. In Russia, it strengthened its relationship with confectioner Uniconf and unveiled plans to open a new 37,000sq metre central hub to act as distribution centre as well as handle e-commerce and co-packing activities.