Stock Markets January 27, 2026

ID Logistics Posts Q4 Sales Above Forecast as Commercial Wins Support 2026 Visibility

Full-year revenue rises 16% as international markets, led by the U.S., drive growth

By Avery Klein
ID Logistics Posts Q4 Sales Above Forecast as Commercial Wins Support 2026 Visibility

ID Logistics reported fourth-quarter 2025 revenue of €1,038 million, modestly ahead of analyst estimates, while full-year sales reached €3,737 million. International operations accounted for the bulk of activity, with the U.S. posting particularly strong growth. Management cited robust commercial momentum and 27 new project launches in 2025, and emphasized productivity improvements at recently opened sites and openness to external growth.

Key Points

  • Q4 2025 revenue of €1,038 million beat analyst forecasts by 1%, with 12% year-over-year growth and 15% like-for-like expansion - impacts corporate earnings and equity investors.
  • Full-year 2025 revenue reached €3,737 million, up 16% and consistent with Kepler Cheuvreux estimates; international operations accounted for 74% of sales - relevant for multinational logistics exposure.
  • U.S. fourth-quarter revenue of €200 million grew 22% year-over-year and 32% like-for-like, driven by sustained demand from large e-commerce customers - significant for e-commerce and logistics sectors.

ID Logistics reported fourth-quarter 2025 revenue of €1,038 million, a figure that was 1% higher than analyst expectations and represented 12% growth compared with the same quarter a year earlier. On a like-for-like basis, fourth-quarter revenue rose 15%.

For the full year 2025, the French logistics group recorded revenue of €3,737 million, an increase of 16% from 2024 and in line with Kepler Cheuvreux estimates. Geographically, France accounted for 26% of annual sales while international markets made up the remaining 74%.

Breaking down the fourth-quarter results, revenues in France totaled €258 million, up 7% year-over-year and 2% above analyst forecasts. International operations generated €780 million in the quarter, a 14% increase versus the prior year and 1% ahead of estimates.

The U.S. market was a standout within the international mix. Fourth-quarter revenues in the United States reached €200 million, up 22% year-over-year and 32% on a like-for-like basis, beating expectations by 7%. Management attributed the U.S. acceleration to sustained demand from large e-commerce customers.

Company leadership highlighted ongoing commercial momentum, noting that 27 new projects were launched during 2025. Recent contract wins across the UK, Southern Europe and the Americas were cited as providing clear visibility into the company’s performance for 2026.

ID Logistics confirmed its operational priorities, focusing on raising productivity at recently opened sites. The company also reiterated its willingness to pursue external growth opportunities.


These results underline a revenue mix increasingly weighted toward international markets, with particularly strong contribution from the U.S. e-commerce sector. Management’s emphasis on productivity at new sites and potential external expansion frames the near-term execution agenda.

Risks

  • Productivity at recently opened sites remains an area of focus - delays or underperformance could weigh on margins and operational efficiency, affecting transportation and logistics sectors.
  • Concentration of growth coming from large e-commerce customers introduces demand risk if those customers change spending or fulfillment strategies - relevant to e-commerce and logistics service providers.
  • Pursuit of external growth opportunities carries execution and integration uncertainty - M&A activity could affect capital allocation and near-term results in the logistics industry.

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