February 01, 2018
- Economic Sales grew by 5% to €274.6m
- The Net Profit declined by 20.3% due to an unfavourable comparison after selling an affiliated company the previous fiscal year
- It is its best historic record of Economic Sales, Margin and EBIT in a first quarter
Logista raised its Operating Profit (EBIT) by 25.3% to €44.9m during the first quarter of its fiscal year, between October and December of 2017.
Revenues rose by 0.2% to €2,286,5m despite cigarettes distributed fell by 1.5%, with higher volumes in Portugal, stability in Italy and lower volumes in Spain and France.
Economic Sales rose by 5% when comparing with the first quarter of the previous fiscal year to €274.6m, with growth in all business lines in Iberia and Italy, particularly in convenience products in Spain and Italy, the Transport area and Logista Pharma.
The activity kept growing and improved its margins. The Adjusted Operating Profit (Adjusted EBIT) grew by 12.6% to €59.3m, the Operating Profit (EBIT) rose by 25.3% to €44.9m and the margin on Economic Sales increased to 21.6% when compared with the 20.2% of the previous fiscal year.
These are the best Economic Sales, Margin and EBIT obtained between October and December in Logista‘s history.
Logista sold the previous fiscal year an affiliated company in Italy providing transactional services to tobacconists. As a consequence, the comparison with the first quarter of the current fiscal year has been affected and the Net Profit declined by 20.3% to €36.8m.