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Logista raises by 7.2% its Operating Profit during the first 9 months to €147.7m

24/07/2019

  • ​Economic Sales grow by 2.3% to €854.4m
  • The Net Profit increases by 4.1% to €117.6m
  • It improves by 5.7% the interim dividend to €0.37 per share, that will be paid on August 29th 

Logista raised its Revenues by 4.7% on a like-for-like basis during the first nine months of its fiscal year, due to the growth in all countries. 

Economic sales grew by 2.3% to €854.4m when comparing with the same period of the previous fiscal year, with increases in all businesses in Iberia and France, as well as a decline in Italy. Growths stood out in convenience products in all countries, in Logista Pharma and in the Transport area.

Logista maintained its usual strict costs control policy, and costs rose by 1.1%, below the growth recorded in Economic Sales.

The Adjusted Operating Profit (Adjusted EBIT) increased by 6.6% to €190.3m, the Operating Profit (EBIT) grew by 7.2% to €147.7m and the margin on Economic Sales rose from to 21.4% to 22.3%.

Restructuring costs, due to the adaptation of France’s infrastructure to the new level of activity, were much higher than those in the previous fiscal year, while the tax rate also grew, and so the Net Profit reached €117.6m, recording a 4.1% growth when compared with the first nine months of 2018.
Logista approved distributing on August 29th an interim dividend of €0.37 per share, implying a 5.7% growth when compared with the interim dividend paid last fiscal year.


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