July 30, 2015
- The Group keeps improving margins and profitability
- It will distribute a €0.24 per share dividend on August 27th
Grupo Logista, the leading distributor of products and services to proximity retailers in Southern Europe, raised its Net Profit by 10.6% to €74.4m during the first nine months of its fiscal year, between October of 2014 and June of 2015, when compared to the same period of the previous fiscal year.
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.
During these three quarters, the Group kept improving the profitability of its operations, raising sales of convenience products and services to points of sale and an improving its operating efficiency.
Revenues diminished by 1.2% during these nine months of the fiscal year to €6,929.4m due to lower sales of tobacco products. The volume of cigarettes distributed decreased by 1.2%, reducing the rate of decline in Spain and France, while RYO tobacco distributed rose by 1.8%. All in a context of lower increases in prices comparing with previous periods and a higher relative weight of the low price brands segment in Spain and Italy.
Economic Sales, result of subtracting products’ value from revenues, declined by 2.9% to €749.1m when comparing with the previous fiscal year, which included a positive impact due to the completion of some legal disputes. Thus, excluding this, Economic Sales would have risen by 1%.
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 the distribution of products and services in France.