May 04, 2016
- Economic Sales improved in all countries and grew by 0.8%
Logista raised its Net Profit by 8.7% to €51.2m during the first half of its fiscal year 2016, between October of 2015 and March of 2016.
Revenues grew by 2.1% when compared to the first half of the previous fiscal year to €4,574.9m. The volume of cigarettes distributed rose by 1.2% within a context of price stability, together with the good performance of sales of other products, such as convenience, pharmaceuticals, etc.
Economic Sales, result of subtracting products’ value from revenues, grew by 0.8% when compared to the first half of the previous fiscal year to €498.4m, improving in all three geographical segments where the Group operates in.
The company raised its Economic Sales from distributing tobacco and convenience products to tobacconists in France and Italy, from its transport area and from Logista Pharma. The distribution of convenience products in France to channels other than tobacconists kept improving and reached near stability.
The underlying activity kept a solid growth, similar to that during the first quarter. However, the positive effect of non recurring items during the second quarter of last fiscal year in Iberia and Italy implied a negative year-on-year comparison. According to this, the Adjusted Operating Profit (Adjusted EBIT) declined by 5.8% to €99m, while the Operating Profit (EBIT) decreased by 1.4% to €68.7m.