May 09, 2018
- Economic Sales grew by 6.5% to €545.2m
- The Net Profit in the second quarter grew by 12.5% when compared with the second quarter of the previous fiscal year
- It is its best historic record of Economic Sales, Margin and EBIT in a first half
Logista raised its Operating Profit (EBIT) by 25.2% to €87m during the first half of its fiscal year, between October 2017 and March of 2018.
Economic Sales rose by 6.5% when comparing with the first half of the previous fiscal year to €545.2m, despite Revenues declined by 1.3%. There was growth in all business lines in Iberia and Italy, particularly in convenience products in Spain and Italy, the Transport area, Logista Pharma and Tobacco in Portugal.
The activity kept growing and improved its margins. The Adjusted Operating Profit (Adjusted EBIT) grew by 14.1% to €114.1m, the Operating Profit (EBIT) rose by 25.2% to €87m and the margin on Economic Sales increased to 20.9% when compared with the 19.5% in the first half of the previous fiscal year.
These are the best Economic Sales, Margin and EBIT obtained between October and March in Logista’s history.
Logista sold the previous fiscal year an affiliated company in Italy and, as a consequence, the comparison with the first half of the current fiscal year has been affected and the Net Profit declined by 7.1% to €71.1m. In fact, the Net Profit in the second quarter grew by 12.5% when compared with the second quarter of the previous fiscal year.