February 09, 2016
- The Operating Profit increases by 19.8% to €35,3m
Logista raised its Net Profit by 22.8% to €24,8m during the first quarter of its fiscal year 2016, between October and December of 2015.
Revenues grew by 2.3% when compared to the first quarter of the previous fiscal year to €2,366.2m. Within a context of price stability, the volume of cigarettes distributed rose by 0.8%, while RYO tobacco rose by 2.2%.
Economic Sales, result of subtracting products’ value from revenues, grew by 1.7% to €251.1m when compared to the first quarter of the previous fiscal year.
The company raised its Economic Sales from distributing tobacco and convenience products to tobacconists in Spain, France and Italy, from its transport area and from Logista Pharma. The distribution of convenience products in France to channels other than tobacconists had a weaker performance.
Logista raised by 9.9% its Adjusted Operating Profit (Adjusted EBIT) to €49.6m and improved the Group’s margin from 18.3% to 19.8%, due to a reduction in operating costs. This Adjusted Operating Profit is the main indicator of the course of business, as it doesn’t include those costs which are not directly related to revenues, such as restructuring costs, sale of assets and other similar costs.
The Operating Profit (EBIT) grew by 19.8% to €35.3m.