May 06, 2015
Grupo Logista, the leading distributor of products and services to proximity retailers in Southern Europe, raised its Net Profit by 16.2% to €47.1m during the first half of its fiscal year, between October of 2014 and March of 2015.
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.
The Group kept improving the profitability of its operations during this semester by innovating in value added services, raising sales of complementary products and services to points of sale and an ongoing improvement in operating efficiency, in a context of lower decreases in tobacco volumes distributed and lower increases in prices comparing with previous periods.
Revenues diminished by 2.1% during the first half of the fiscal year to €4,481.9m due to lower sales of tobacco products. Cigarettes distributed during these six months decreased by 0.9%, with improvements in Spain, France and Italy.
Economic Sales, result of subtracting products’ value from revenues, declined by 3.5% to €494.2m in a semester with good business performance that compares with the first half of last fiscal year, which included a positive impact on Economic Sales due to the completion of some legal disputes.
The company obtained good growth in wholesale distribution of convenience products to tobacconists in Spain and Italy, in the Transport area and in Other Businesses in Spain and Portugal, particularly in Logista Pharma, while there were declines in tobacco distribution and related products in France.
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