France-headquartered contract logistics provider, ID Logistics, has started 2025 in a positive frame, registering a growth of 17.9 per cent in its Q1 revenues.
The company’s commercial momentum, continued with the signing of new contracts, has resulted in it announcing revenues of €867.8 million for the first quarter of 2025.
Adjusted for a slightly favourable currency effect during the quarter, growth was 17.7 per cent on a like-for-like basis compared to the first quarter of 2024.
ID Logistics Chairman and CEO, Eric Hémar, said the Q1 revenue growth followed on from the Group’s strong second half of 2024.
“The Group continues to benefit from a diversified customer portfolio, the trust of global leaders, particularly in the consumer goods and e-commerce sectors, and a balanced business in terms of geographical exposure,” said Hémar.
“Its contract logistics services are exclusively focused on domestic operations and are demonstrating good resilience against the changing global economic environment. “Furthermore, the strong level of embedded growth and the sustained number of tenders should enable ID Logistics to continue its strong development in 2025.”
The Group attributed the boost in revenues to its markets performing well across the board in first quarter of 2025, including buoyant business activity in France (27 per cent of Group revenue) with revenue up 15.8 per cent, reflecting the company’s strong rebound recorded in Q4 of 2024.
In addition, revenues in Europe (excluding France) rose by 13.5 per cent on a like-for-like basis. This market accounted for 47 pe cent of the Group’s total revenue.
ID Logistics also experienced continued strong momentum in the United States, which accounts for 18 per cent of Group revenue, with US revenue up significantly by 33.6 per cent on a like-for-like basis.
The company’s Latin America and Asia markets recorded a 17.4 per cent growth (8 per cent of Group revenue).
During the quarter, ID Logistics also launched six new projects and won a number of significant tenders.
The company continued its partnership with METRO, a leading food retailer for the food industry, with the opening of a new 17,000 sq. metre tri-temperature warehouse in La Brède, near Bordeaux, which handles dry, fresh and frozen products.
In Germany, ID Logistics opened a 68,000 sq. metre site in the province of Hesse, which will handle up to 2 million SKUs and ultimately employ nearly 700 people.
In Wisconsin, USA the Group is opening a new 31,000 sq. metre site employing 350 people.
It has also started a new business in the US state of Georgia at a 20,000 sq. metre site, employing 80 people, while in the state of Minas Gerais, Brazil, ID Logistics is starting operations for one of the world’s leading fashion companies.
The Brazilian venture will see ID Logistics open a site that will grow from 24,000 sq. metres and 150 employees to 43,000 sq. metres and 350 employees.
With the boost in Q1 2025 revenue, the Group sees its growth being maintained due to a range of factors, including it exclusively operating domestic logistics operations that serve leading international customers, as well as its customer centricity, capacity for innovation and its diversified and geographically well-distributed business portfolio.
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