July 28, 2017
- It increases by 20% the interim dividend to €0.30 per share, to be paid on August 30th
Logista raised its Net Profit by 22.9% to €115.1m during the first nine months of its fiscal year 2017, between October of 2016 and June of 2017.
Revenues decreased by 0.5% when compared with the same period of the previous fiscal year to €7,010.9m, due to a good overall performance in Iberia and Italy, and despite a 3.6% reduction in cigarettes distributed.
Economic Sales declined by 0.2% when compared with the first nine months of the previous fiscal year to €775.2m, with good growth in all activities developed in Spain and Portugal.
The company increased its Economic Sales from distributing tobacco and convenience products to tobacconists in Spain, its Transport area, Logista Pharma and from the distribution of convenience products to petrol stations, stores and vending machines’ operators in France.
The Adjusted Operating Profit (Adjusted EBIT) decreased by 10.8% to €153.8m and the Operating Profit (EBIT) by 14.5% to €109m, in both cases non-recurrently affected by prices increases in tobacco products in France and Italy that were lower than tax increases.
Profit before Taxes kept almost stable after the sale of a subsidiary in Italy providing transactional services to tobacconists. The Net Profit grew by 22.9% to €115.1, favoured by the reduced rate at which such sale is taxed, and the lower tax rates in all countries where the Group operates.
Logista approved distributing on August 30th a gross €0.30 per share interim dividend, implying a 20% increase when compared with the interim dividend distributed last fiscal year.