November 04, 2014
Economic Sales grow by 2.4 per cent to €1,036m
LOGISTA´S NET PROFIT RISES A 16.8 PER CENT TO €102m DURING THE FISCAL YEAR 2014
The Group´s sales and profitability improve in a still difficult economic environment
The Board of Directors will propose a €74.34m dividend (€0.56 per share)
Grupo Logista, the leading comprehensive distributor of value added products and services to capillary retail networks in Southern Europe, increased its Net Profit a 16.8% to €102.3m during its fiscal year 2014 ended on September 30th 2014.
Grupo Logista, which serves some 300,000 delivery points in Spain, France, Italy and Portugal, facilitates the best and fastest market access to tobacco related and convenience products, electronic top-ups, pharmaceuticals, books, publications and lotteries, among others.
Innovation in value added services, higher sales of complementary products and services to retailers, together with the continuous improvement of the operating efficiency have led to increasingly better improvements when comparing with the previous fiscal year as further deepening into the profit and loss account.
Revenues diminished a 3.6% during fiscal year 2014 when comparing with the previous one and reached €9,506.6m due to lower sales of tobacco related products in the main countries it operates in.
Economic Sales, result of subtracting products’ value from revenues, grew by 2.4% due to higher revenues from the Group’s diversification strategy.