March 21, 2017
- Logista’s Chairman highlights that “Our business model is proven and profitable. Management is efficient, the estate is solid, and we continue advancing in a corporate governance model we want exemplary”.
- The Chief Executive Officer, Luis Egido, underlined that “Logista keeps growing in sales, profitability and profit because it relies on a differentiated and unique business model adding value to every participant in our distribution model.”
- Egido remembered that “the annual average revaluation since Logista’s IPO (July 2014) makes it the sixth most profitable IPO among those made in our country during the current century”.
The General Meeting of Shareholders of Logista, approved today distributing a €0.65 per share final dividend to be indebted to the fiscal year 2016 results, complementary to the €0.25 per share interim dividend already distributed last August.
According to this, the total dividend to be indebted to the fiscal year 2016 results amounts to €0.90 per share, a 21.6% higher than the total dividend to be indebted to the previous fiscal year, and so the company continues with its remuneration policy for shareholders, consisting in distributing as dividends (“pay out”) at least 90% of the company’s Net Profit.
Logista’s shareholders also approved the management by the Board of Directors and the results obtained during the fiscal year 2016, during which Logista raised its Net Profit by 21% to €132.1m.
Gregorio Marañón y Bertrán de Lis, Chairman of Logista’s Board of Directors, said in his speech to the shareholders that “These results prove again, one further fiscal year, that Logista’s strategy is correct”.
Marañón underlined that “Logista is the leading distributor of highly added value products and services to proximity retailers in Southern Europe. (…) Our business model is proven and profitable Management is efficient, the estate is solid, and we continue advancing in a corporate governance model we want to be exemplary”.
Logista’s Chairman reminded that “Our ultimate goal, of course, is creating value for shareholders” and that, with the complementary dividend, “Logista will have distributed €0.90 per share to be indebted to the fiscal year, during which, also, the share price rose by exactly €3. Indeed, the share price rose by 17.8%, an excellent performance comparing with the 8.2% drop by the IBEX 35 during the same period.”
Luis Egido, Logista’s Chief Executive Officer, highlighted in his speech that “Logista has again proved during the fiscal year 2016 that its business model is solid, profitable and provide clear prospects for growth.”
Egido said: “Logista keeps growing in sales, profitability and profit. And it does so because it relies on a differentiated and unique business model adding value to every participant in our distribution model.”
“We provide manufacturers with the best and fastest market access to its products and services, safeguarding their product strategy, ensuring full control on them, facilitating the distribution through the broadest network of points of sale in Southern Europe, making possible its marketing to over 45 million consumers entering every day in those points of sale.”
And he added: “We provide points of sale with the widest products and services portfolio adapted to its retail, an appealing assortment to the consumer, a simple and comprehensive supply with regular and urgent deliveries, we provide them with an omnichannel access to those products and services through an extensive network of cash &carry, web, our commercial networks, call centre or our over 47,000 POS Terminals, for example”.
He also reminded that “since being listed in July 2014 and until last September 30th, the annual average total shareholder return has amounted to 25.1%. The annual average revaluation since Logista’s IPO makes it the sixth most profitable IPO among those made in our country during the current century (...). And referring to those with certain dimension listed on the continuous market, it is the second most profitable IPO by annual average revaluation in these 17 years.”
Egido underlined that Logista has a “clear strategy and a highly added value proposal to every participant in this value chain. An offer in ongoing evolution that is innovative, distinguishing and unique in the market. And it is a profitable and sustainable strategy achieving our ultimate goal of creating value for the shareholder.”
Madrid, 21 March 2017