France-based contract logistics provider, ID Logistics, has reported a positive growth with the release of its Q3 2022 results.
The company reported a total revenue of €641.8 million for the last quarter, which is a 37.1 per cent increase compared to the period last year.
This includes the company’s revenue in France, which was €215.9 million – up by 6.8 per cent year-on-year (YOY); and its international revenue of 425.9 million – a 14.1 per cent increase YOY.
ID Logistics Chairman and CEO, Eric Hémar, said the company benefitted from several factors in the market.
“ID Logistics recorded another solid commercial performance in the past quarter, benefiting from both good organic growth and the successful integration of recent acquisitions,” he said.
“The last quarter, which is usually dynamic with the end-of-year promotional periods, should allow us to sign another good year.”
Overall, ID Logistics ended the first nine months of 2022 with revenues of €1.8 billion, up 33.9 per cent YOY.
In other news, US-based company, XPO Logistics, has released preliminary results for its 2022 Q3 earnings as well as its long-term targets.