July 22, 2020
- The Group continues with its main activities in an economic and social context marked by the COVID-19 pandemic
- Net Profit reaches €103m
- The distribution of an interim dividend of 0.39 euros per share was approved and will be paid on August 28
- The company recorded increased revenues in the three geographic areas (Iberia, France, Italy) where it operates
Economic Sales stayed practically stable, falling 0.8% to €847.5m, since most of the activity achieved higher revenues than in the same period of the previous financial year, except for long-distance transport, parcel services and distribution of publications in Spain and convenience products in France.
On the other hand, revenues from tobacco distribution grew in France and Italy, which offset the reduction in revenues in Spain.
The Adjusted Operating Profit reached €175.3m, lower than that recorded in the same period of 2019, but if we exclude non-recurring impacts on activity, including the impact of the COVID-19 pandemic, the evolution was positive, growing by 5%.
Regarding the Operating Profit, it stood at €134.1m in the first nine months of the year. Excluding the aforementioned impacts, the Operating Profit also had a very positive evolution, increasing by 7%.
Given the effect of applying, for the first time this financial year, IFRS 16 on leases, the financial results were 9.8% lower than in the first nine months of the last financial year, amounting to €8.0m.
As a consequence of all the above, Net Profit decreased by 12.4% to €103m.
The Board of Directors has approved the distribution of an interim dividend for the year of 0.39 euros gross per share, which represents an increase of 5.4% over the interim dividend distributed in the previous year.