November 08, 2016
- Economic Sales grew by 2.8% to €1,038.1m
- Further improvement in sales and margins
- The Board will propose to the shareholders a €0.65 final dividend, raising the total dividend for the fiscal year to €0.90
Logista raised its Net Profit by 21% to €132.1m during its fiscal year 2016, completed last September 30th.
Revenues rose by 1.7% when comparing with the previous fiscal year to €9,632m, improving in all countries. Cigarettes distributed grew by 0.3% within a context of stability in prices, except for the price increase in Italy during the third quarter.
Economic Sales, result of subtracting products’ value from revenues, grew due to tobacco and related products distribution to tobacconists in Iberia and Italy, the Transport area and Logista Pharma.
Accordingly, Economic Sales rose by 2.8% when comparing with the previous fiscal year to €1,038.1m, improving by 3.5% in Iberia and by 6.4% in Italy, while those in France barely declined by 0.8%.
The activity kept a solid growth and improved its margins. The Adjusted Operating Profit (Adjusted EBIT) grew by 5.3% to €234.8m, the Operating Profit (EBIT) rose by 10.8% to €177.1m and the margin on Economic Sales rose to 22.6% when compared with the 22.1% of the previous fiscal year.
Logista’s Board of Directors will propose the General Meeting of Shareholders distributing a €0.65 per share final dividend. Thus, the total dividend for the fiscal year 2016 would amount to €0.90 per share, and so the company keeps its remuneration policy to shareholders, consisting in distributing at least 90% of the consolidated net profit.