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Logista raised by 0.4% its Adjusted EBIT to €59.6m during the first quarter

31/01/2019

  • ​Economic Sales grew by 2.3% to €280.9m

Logista raised its Revenues by 5.0% to €2,400.8m during the first quarter of its fiscal year, between October and December of 2018.

Economic Sales grew by 2.3% to €280.9m when comparing with the same period of the previous fiscal year, with increases in Iberia and France that more than offset the decline in Italy. Growths stood out in Logista Pharma, convenience products in all countries, as well as in the Transport area.

Activity kept its growth and the Adjusted Operating Profit (Adjusted EBIT) rose by 0.4% to €59.6m, while the Operating Profit decreased by 1.4% due to higher restructuring costs in France and Italy, after the ongoing optimization of the distribution network.

These higher restructuring costs together with a higher tax rate contributed to the 1.9% decline in the Net Profit to €36.0m.

It must be remembered that Logista’s Board of Directors will propose the General Meeting of Shareholders distributing a €0.77 per share final dividend by the end of this quarter. After the €0.35 per share interim dividend already paid, total dividend indebted to last fiscal year would rise by 6.7% to €1.12 per share, representing 95% of last fiscal year’s Consolidated Net Profit. Logista so keeps its remuneration policy to shareholders consisting in distributing at least 90% of the Consolidated Net Profit.


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