February 12, 2015
- The Group continues improving margins and profitability
- It will distribute a €0.56 per share dividend on February 26th if the shareholders approve it on February 17th
Grupo Logista, the leading distributor of value added products and services to capillary retail networks in Southern Europe, increased its Net Profit by 7.4% to €20.2m during the first quarter of its fiscal year 2015, between October and December of 2014.
Grupo Logista serves some 300,000 delivery points in Spain, France, Italy and Portugal, and facilitates the best and fastest market access to tobacco related and convenience products, electronic top-ups, pharmaceuticals, books, publications and lotteries, among others.
Recent trends continued during the quarter, including the improvement in profitability of operations due to innovation in value added services, higher sales of complementary products and services to points of sale and the ongoing improvement in operating efficiency.
Revenues diminished by 3.5% during the first quarter of fiscal year 2015 to €2,313.1m due to lower sales of tobacco related products. Cigarettes distributed during the quarter decreased by 0.9%, with small growths in Spain and Italy and a larger decline in France.
Higher sales of other products, particularly from wholesale distribution of convenience products to tobacconists in Spain and Italy, as well as sales from the Transport area almost offset the lower revenues; so Economic Sales, result of subtracting products’ value from revenues, hardly fell by 1%.