December 12, 2022
- Logista, a leading distribution company in southern Europe that entered the Stock Market in 2014, is now included in the most important index of the Spanish Stock Exchange.
- Logista has a market capitalization of more than €3,100 million.
- The company continues with its strategy of diversification and expansion of its service offer with the acquisitions of Speedlink, Transportes El Mosca and Carbó Collbatallé in 2022.
- In addition, Logista has been included for the sixth consecutive year on CDP's "A List", which recognizes global leaders in the fight against climate change.
Madrid, December 12, 2022.- Logista, a leading company in proximity distribution in southern Europe, has been selected by the IBEX’s Technical Advisory Committee (CAT) to join the IBEX 35, the Spanish Stock Market's national and international benchmark index. Thus, the company will be included in the selective index from next December 19, 2022. The company has a market capitalization of more than €3,100 million.
Since its creation, Logista has combined a strategy of growth through the constant expansion of its product and service offerings and diversification into new areas with the international expansion of its unique business model. This strategy has enabled it to maintain a solid financial position, even in difficult market situations, and to continue to create value in the medium and long term.
On July 14, 2014, the company returned to the Spanish stock markets, where it had been listed until 2008, and in 2015, Logista joined the IBEX Medium Cap index, with the largest companies by capitalization after those included in the IBEX 35. In 2018, it also became part of the IBEX Top Dividend index.
Nowadays, Logista continues to strengthen its already consolidated businesses, while expanding its business base, reinforcing its growth areas and increasing its relationship and services provided to manufacturers and points of sale thanks to constant innovation and the search for the best service to its customers. During 2022, the company has continued to diversify and expand its portfolio of services with the acquisitions of Speedlink, Transportes El Mosca and Carbó Collbatallé.
With its entry into the IBEX 35, the company has been recognized for its positive performance on the Stock Market, and its medium and long-term value creation strategy.
Íñigo Meirás, CEO of Logista, has highlighted that "being part of the IBEX 35 is a great recognition of the efforts that the company has made over many years. Our daily work demonstrates our commitment to our customers and to society in general”. He also adds that "I would like to thank all the investors who have shown their confidence in Logista since 2014 and, of course, all our employees for their contribution to this new achievement. With their effort and dedication to customer service, even in complicated circumstances, they have made it possible for our company to remain today a benchmark in proximity distribution in southern Europe and a company with a great future".
About Logista
Logista is one of the largest logistics operators in southern Europe and is specialized in distribution to local channels. It regularly serves nearly 200,000 points of sale in Spain, France, Italy, Portugal, Netherlands and Poland, facilitating the best and fastest access to the market for a wide range of convenience products, pharmaceuticals, electronic recharging, books, publications, tobacco, and lotteries, among others.
In addition, it stands out for being the largest transport network in Spain, which is also certified in food safety.
Logista has a team of highly qualified professionals made up of more than 7,000 direct employees and 15,000 collaborators, focused on serving its customers in the most efficient way and adapted to their needs.
Commitment to sustainability
Logista has been included for the sixth consecutive year on CDP's "A List", which recognizes global leaders in the fight against climate change. Logista is the only European retailer to make the list for six consecutive years. CDP also recognizes Logista's work as a driver of sustainable change throughout its value chain and has reinstated Logista as a Supplier Engagement Leader.
Furthermore, Logista's firm commitment to sustainability has been recognised in October 2022 by Sustainalytics, one of the leaders in the evaluation of Corporate Social Responsibility and Corporate Governance worldwide, which, after evaluating the Company's ESG criteria, has awarded it an ESG risk rating of 13.7 points, meaning that it is considered to be at Low Risk of experiencing material financial impacts due to ESG factors and has awarded it accreditation as Industry TOP RATED 2022 – which values high performance in its sector outside of Sustainalytics' comprehensive coverage universe-, achieving one of the 50 best ratings in the Transportation industry.
In addition, because of its firm commitment to Corporate Social Responsibility, Logista has managed, for yet another year, to position itself among the leaders in the sector by being recognized in 2022 with an MSCI rating of AA, whose scale is AAA-CCC.
Logista is also part of the FTSE4Good IBEX index, made up of companies that demonstrate sound environmental, social and corporate governance practices, and the Ibex Gender Equality index. It also joined the Ibex 35 in 2022.