July 28, 2016
- Economic Sales grew by 3.7% to €776.8m
- The interim dividend, payable on August 29th, increases by 4.2% to €0.25 per share
Logista raised its Net Profit by 25.9% to €93.7m during the first nine months of its fiscal year 2016, between October of 2015 and June of 2016.
Revenues grew by 1.7% when compared with the same period of the previous fiscal year to €7,047.2m. Distributed cigarettes rose by 0.6%, with improvements in every country within a context of price stability, except for the price increases during the third quarter in Italy.
Economic Sales, result of subtracting products’ value from revenues, grew by 3.7% when compared with the first nine months of the previous fiscal year to €776.8m, improving in Iberia and Italy, while in France barely decreased by 0.1%.
The company increased its Economic Sales from distributing tobacco and convenience products to tobacconists in Iberia and Italy, from its Transport area and from Logista Pharma, more than offsetting the small decrease in Economic Sales in France from the distribution of tobacco and convenience products to tobacconists and of convenience products to other channels.
The activity kept a solid growth and improved its margins in every country. According to this, the Adjusted Operating Profit (Adjusted EBIT) grew by 7.5% to €172.4m, while the Operating Profit (EBIT) rose by 15.4% to €127.5m.