November 06, 2018
- Economic Sales grew by 6.5% to €1,118.2m
- It raises its Net Profit by 1.8% when compared to fiscal year 2017, which included the sale of an affiliated company
- The Board will propose to the shareholders a €0.77 per share final dividend, raising by 6.7% the fiscal year’s total dividend to €1.12
Logista raised its Net Profit by 1.8% to €156.7m during its fiscal year 2018 completed last September 30th, when compared with the previous fiscal year, when it recorded the sale of an affiliated company in Italy.
Revenues barely declined by 0.2% to €9,476.5m despite the 3.6% global decline in cigarettes distributed.
Economic Sales grew by 6.5% compared to the previous fiscal year to €1,118.2m, with increases in all business lines in Iberia and Italy, as well as in Other Businesses in France. There was particular growth in convenience products in all countries, in the Transport area, Logista Pharma and Tobacco in Portugal.
Activity kept growing and improved its margins. The Adjusted Operating Profit (Adjusted EBIT) rose by 12.4% to €245.9m, the Operating Profit (EBIT) grew by 20.6% to €190.5m and the margin on Economic Sales increased to 22.0% when compared with the 20.8% in the previous fiscal year.
Logista’s Board of Directors will propose the General Meeting of Shareholders distributing a €0.77 per share final dividend. After the €0.35 per share interim dividend already paid, total dividend for the fiscal year 2018 would rise by 6.7% to €1.12 per share, representing 95% of the fiscal year’s consolidated net profit.
Logista so keeps its remuneration policy to shareholders consisting in distributing at least 90% of the consolidated net profit.