ID Logistics (Euronext: IDL) has published its half-year financial report for the first half of 2026. The international contract logistics group made the document available on its corporate website for investors and stakeholders.

The filing does not disclose specific revenue, profit, or margin figures in this regulatory notice. Instead, it directs readers to the company’s digital platform for detailed financial performance data.

Company Overview

Headed by Eric HÉMAR, ID Logistics manages nearly 450 sites across 20 countries. The group operates approximately 10 million square meters of space on all five continents, employing 55,000 people.

The customer portfolio is balanced between distribution, e-commerce, consumer goods, cosmetics, and fashion sectors. The company emphasizes technology-driven logistics solutions and a committed CSR policy.

Next Release

Investors should note that revenues for the third quarter of 2026 are scheduled for release on October 21, 2026, after market close.

Accessing the Report

The full H1 2026 report can be accessed via:

• Website: www.id-logistics.com
• Email: contact@id-logistics.com
• Phone: +33 (0)4 42 11 06 00

ID Logistics (Euronext: IDL) reported robust first-half 2026 financial results, with revenues climbing 18.3% year-on-year to €2,084.6 million. The European contract logistics leader expanded its underlying operating income by 23.3% to €81.1 million, driven by strong cash flow generation and improved operational productivity across its global network.

The company’s performance was underpinned by double-digit growth in key markets, particularly North America, which saw a 46.3% like-for-like revenue increase. ID Logistics also marked a geographic milestone by launching operations in Australia, its 20th country of operation.

Financial Performance

Revenue growth accelerated compared to the prior period, reflecting both organic expansion and favorable project launches. The like-for-like revenue growth stood at 20.0%, excluding currency headwinds that dampened the reported figure.

Underlying EBITDA rose 17.9% to €314.8 million, though the EBITDA margin contracted slightly by 10 basis points to 15.1%. Conversely, the underlying operating margin expanded by 20 basis points to 3.9%, indicating effective cost control measures despite the scale-up in operations.

Regional Breakdown and Operational Highlights

Growth was broad-based but heavily influenced by the North American segment, which contributed 21% of group revenues and surged 46.3% on a like-for-like basis. Europe excluding France, representing 47% of revenues, grew 19.7% on a like-for-like basis. France, accounting for 24% of revenues, saw a more modest 5.7% increase.

The company launched 17 new projects during the first half of 2026. Management attributed the operating income outperformance to rising productivity from projects launched in 2025 and disciplined cost management for new initiatives initiated in H1 2026.

Balance Sheet and Cash Flow

Cash flow from operations after operating investments jumped 69.9% to €264.8 million, supported by a €65.0 million positive change in working capital requirements. This contrasts with a €20.4 million negative working capital impact in the prior year period.

Net operating investments increased to €104.4 million from €79.2 million in H1 2025, with over 75% allocated to projects commencing in 2026 and 2027. Consequently, the pre-IFRS 16 net debt-to-underlying EBITDA ratio improved significantly from 0.9x to 0.6x as of June 30, 2026.

What the Numbers Show

A notable divergence exists between the top-line and bottom-line profitability metrics. While the underlying EBITDA margin narrowed slightly by 10 bps to 15.1%, the underlying operating margin expanded by 20 bps to 3.9%. This suggests that while gross operational efficiency (EBITDA) faced minor pressure—potentially due to mix or initial setup costs—the company successfully controlled administrative and other operating expenses, allowing operating income to grow faster than revenue. Additionally, the substantial swing in working capital from a €20.4 million drain to a €65.0 million contribution highlights improved liquidity management amid rapid expansion.