March 16, 2016
- The Group’s Chairman highlights that during the fiscal year 2015 “Logista kept developing and successfully consolidating its strategy and business model” and ratified “to create value for shareholders” as the main goal.
- The Chief Executive Officer, Luis Egido, said that “Our strategy is clear, our service proposition is attractive and our offer has an unquestionable and different added value. And this translates into benefits for manufacturers, points of sale, end consumers and, of course, Logista”.
The General Meeting of Shareholders of Logista, the leading distributor of products and services to proximity retailers in Southern Europe, approved today distributing a €0.50 per share final dividend to be indebted to the fiscal year 2015 results, complementary to the €0.24 per share interim dividend already distributed last August.
The proposal gained the unanimous support of present and represented shares.
Gregorio Marañón y Bertrán de Lis, Chairman of Logista’s Board of Directors, said in his speech to the shareholders that during the fiscal year 2015 “Logista kept developing and successfully consolidating its strategy and business model, which has led to positive results”. He also added that “Logista has become the best partner, both for manufacturers entrusting us the distribution of their products and for the nearly 300,000 points of sale to which we distribute these products on a regular basis”.
Marañón reminded that, by approving the final dividend, “Logista will have distributed €0.74 per share to be indebted to the results of a fiscal year when the company’s share had an excellent behavior. Furthermore, Logista’s share rose by 17.1% during a period when the IBEX 35 fell by 11.7%”.
Logista’s shareholders also approved the management by the Board of Directors and the results obtained during the fiscal year 2015.
Logista improved its Net Profit by 6.7% to €109.2m during its fiscal year 2015, completed last September 30th, during which it continued increasing its sales of convenience products and services to points of sale and raising its efficiency and operating profitability.
The Chairman of Logista’s Board of Directors concluded that “we have a consolidated strategy, a balance sheet as large as solid, visible results, profitable growth and a corporate government aiming at exemplarity, providing us with the proper tools to keep advancing to accomplish our goals”.
Luis Egido, Logista’s Chief Executive Officer, highlighted in his speech that “the fiscal year 2015 has proved, one more year, the soundness and consistency of Logista’s business”.
Egido maintained that “We want to be our clients’ distribution partners, securing their access to points of sale, with the price and services conditions defined by them, and securing the consumer the best offer in the retail shops we distribute to. As a result, we add value to both ends”.
Egido said that “We keep providing manufacturers with the best solution to bring near all kinds of products and services with the maximum efficiency and full control to the over 45 million daily consumers entering the proximity networks we operate in. We provide a modern, different, secure, efficient and specialized distribution of products and services, securing manufacturers a fast and reliable access to points of sale, and to the latter, the best assortment for the consumer”.
And we went on: “Also, thanks to our different commercialization systems, we facilitate accessing products and services through multiple channels, omnichannel as is called nowadays, as we cover traditional systems of commercial networks and urgent delivery services, the most extensive network of cash & carry, electronic systems, website and over 40,000 Point of Sale (POS) Terminals”.
Luis Egido finished assuring that “Our strategy is clear, our service proposition is attractive and our offer has an unquestionable and different added value. And this translates into benefits for manufacturers, points of sale, end consumers and, of course, for Logista”.