March 21, 2018
- It will be paid on March 28th and adds to the €0.30 per share interim dividend already distributed
- Logista’s Chairman highlights its “solid business model, the activities’ diversification both geographical and by industries and the execution of a business strategy focused on creating value”.
- The Chief Executive Officer, Luis Egido, underlines that “Logista keeps showing a clear profitable and sustainable growth profile”.
Logista’s General Meeting of Shareholders approved today distributing a €0.75 per share final dividend to be indebted to the fiscal year 2017 results, complementary to the €0.30 per share interim dividend already distributed last August.
According to this, the total dividend to be indebted to the fiscal year 2017 results amounts to €1.05 per share, a 16.7% higher than the total dividend indebted to the previous fiscal year, and so the company maintains its remuneration policy for shareholders distributing as dividends (“pay out”) at least 90% of the company’s Net Consolidated Profit.
Logista’s shareholders also approved the Annual Accounts for the fiscal year which, for the first time for a company listed in Spain, were co-audited by two audit firms and ended with a 16.5% increase in the Net Profit to €153.9m.
Gregorio Marañón y Bertrán de Lis, Chairman of Logista’s Board of Directors, said in his speech to the shareholders that “During the fiscal year 2017, the company reached the highest Economic Sales and Net Profit in its history, while it has continued reinforcing its leading position in the distribution of products and services to proximity retailers in Southern Europe”.
Marañón underlined that “These good results are the consequence of a solid business model, of diversifying Logista’s activities both geographically and by industries, and of the execution of a business strategy focused on creating value”.
Accordingly, Marañón reminded that, with the approved dividend, “Since its return to the stock market in July 2014 the Company will have distributed €3.25 per share as dividends. The profitable growth and the remuneration policy for shareholders make Logista one of the companies with a highest dividend yield among those listed in Spanish stock markets, as recognized by recently being included in the IBEX Top Dividendo index”.
Marañón added that “On this unique strategic positioning we continue building a value proposition based on efficiency and quality, integrating the distribution chain from the manufacturer to the end consumer, leaning on the most advanced technologies to expand our services and provide our clients with competitive advantages”.
Luis Egido, Logista’s Chief Executive Officer, highlighted in his speech that “Logista keeps showing a clear profitable and sustainable growth profile, strengthening its strategic positioning in its most consolidated businesses, but, also, expanding its business base with new clients and new services that provide us with a larger ability for a diversified and balanced growth”.
He underlined that “The first quarter of the current fiscal year ended with the highest Economic Sales, Margin and EBIT ever obtained by Logista between October and December of a fiscal year”, and added that “Companies are increasingly trusting in us for distributing their tobacco and convenience products, top-ups, pharmaceuticals, books, publications, lotteries, food products, etc”.
Egido went on: “We are providing them with the best and fastest market access for their products and services. And we do so as partners, with respect for their product strategy and going beyond pricing, ensuring at the same time full control of their products, offering physical and thermal traceability if needed. We distribute their products and services to the broadest network of points of sale in Southern Europe, where we know they may be marketed to consumers we know are interested in them, because we increasingly know them better”.
“In short, we provide them with a fast, efficient, modern and intelligent distribution”, Egido concluded.
He also said that “increasingly more points of sale trust in us for supplying them with products and services to market. We provide them with the widest products and services portfolio adapted to their retail and consumer, through an omnichannel access, with a simple and comprehensive supply, allowing them to devote their time to their consumers and business, to sell more, better and more profitably”.
Egido finished by saying that “Logista has a different, unique business model with clear perspectives and room for growth. Adding our ongoing effort in costs control, in optimizing and increasing efficiency, in automating processes to allocate resources to higher added value services, the result is that this business model provides with growth and profitability to create sustainable value for the shareholder, our work’s ultimate goal”.