February 17, 2015
- Grupo Logista’s Chairman highlights the “very fruitful” fiscal year 2014, the “well-founded expectations that the current fiscal year 2015 improves the previous one” and that the Group’s strategy has “a clear ultimate goal: remunerating shareholders”.
- The Chief Executive Officer, Luis Egido, underlines that “Grupo Logista has a unique and differentiated position to be the leading distributor of products and services to proximity retailers in Southern Europe”.
The General Meeting of Shareholders of Grupo Logista, the leading distributor of products and services to proximity retailers in Southern Europe, approved today distributing a €0.56 per share dividend.
The proposal, as announced during the Group’s floatation, gained the support of 99.88% of present and represented shares.
Gregorio Marañón y Bertrán de Lis, Chairman of Grupo Logista’s Board of Directors, remembered that “the remuneration to shareholders policy is based on distributing at least 90% of the consolidated net profit through two payments. The first would be an interim dividend payable during the fourth quarter of the Group’s fiscal year, between July and September. The second would be a complementing dividend to that 90% of the consolidated net profit. All subject to the needed approval by the General Meeting of Shareholders.”
Marañón told the shareholders that “Creating value for shareholders has always been characteristic of this company. And it remains a target closely linked to the organization’s strategy driving the company’s daily operations and decisions.”
Grupo Logista’s shareholders also approved the management by the Board of Directors and the results obtained during the fiscal year 2014.
Last fiscal year 2014, closed at September 30th, Grupo Logista increased its Economic Sales by 2.4% to €1,036m, thanks to higher sales due to the Group’s strategy of diversification, while the Net Profit rose by 16.8% to €102.3m.
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.
In his speech to shareholders, Grupo Logista’s Chairman highlighted the “very fruitful” fiscal year 2014 and that “the beginning of current fiscal year 2015 provides us with well-founded expectations that it will improve the previous one”.
Luis Egido, Grupo Logista’s Chief Executive Officer, said in his speech that “Grupo Logista is today the leading distributor of products and services to proximity retailers in Southern Europe. The company distributes to some 300,000 points of sale in Spain, France, Italy and Portugal. Tobacconists, petrol stations, bookshops, kiosks…In short, convenience or proximity networks.”
Egido analyzed the results, the segments of activity and described the base of Grupo Logista’s profitable growth strategy: “Over 35 million consumers enter every day into the points of sale we distribute products and services to. This reach, with an efficient operation, applying the most advanced technologies to provide with new high value added services, the close relationship with points of sale, our profound knowledge of them and their customers and our dedication to service all compose an unparalleled and differentiated position making Grupo Logista the leading distributor of products and services to proximity retailers in Southern Europe.”
Grupo Logista’s CEO added that “Being practically the only multichannel company of this size puts us in a unique position to accompany and become the ideal partner for manufacturers and other providers to bring their high value added products and services to consumers.”
Luis Egido finished by assuring that “we also have a strong balance sheet, reinforced by our operation’s profitability and added value, allowing us to also undertake any project and opportunity fitting into this strategy. And we also have the invaluable participation of a staff that everyday proves its dedication, professionalism and capability by creating value for our shareholders, the ultimate goal for our Group”.