July 26, 2018
- Economic Sales grew by 7.8% to €835.6m
- The Net Profit in the third quarter grew by 8.3% when compared with the third quarter of the previous fiscal year
- It improves by 16.7% the interim dividend to €0.35 per share, to be paid on August 30th
Logista raised its Operating Profit (EBIT) by 26.5% to €137.8m during the first nine months of its fiscal year 2018, between October 2017 and June of 2018.
Economic Sales rose by 7.8% when comparing with the same period of the previous fiscal year to €835.6m, despite Revenues declined by 1.3%. There was growth in all business lines in Iberia and Italy, as well as in Other Businesses in France. There was particular growth in convenience products in Spain and Italy, the Transport area, Logista Pharma and Tobacco in Italy and Portugal.
The activity kept growing and improved its margins. The Adjusted Operating Profit (Adjusted EBIT) rose by 16.2% to €178.6m, the Operating Profit (EBIT) grew by 26.5% to €137.8m and the margin on Economic Sales increased to 21.4% when compared with the 19.8% in the same period of the previous fiscal year.
Logista sold the previous fiscal year an affiliated company in Italy and, as a consequence, the comparison with the first nine months of the current fiscal year has been affected and the Net Profit declined by 1.9% to €112.9m. In fact, the Net Profit in the third quarter grew by 8.3% when compared with the third quarter of the previous fiscal year.
Logista approved distributing on August 30th a €0.35 per share interim dividend, implying a 16.7% increase when compared with the interim dividend distributed last fiscal year.