July 21, 2023
- Economic sales reached 1,260 million euro, which represents a growth of 38% compared to the previous year.
- The Board of Directors approves an interim dividend of 0.49€/share, representing an increase of 14% against last year’s.
Logista, one of the largest logistics operators in Europe specialised in distribution
to proximity channels, has announced its results for the third quarter of fiscal year 2023, in which it has reached €193 million in net profits, representing a year-on-year rise of 36%. In its adjusted EBIT, the company has registered a growth of 20%, reaching €273 million.
In terms of economic sale, the company reached €1,260 million, a year-on-year rise of 38%, while its revenues experienced a growth of 9% with respect to 2022, up to €9,150 million.
The Board of Directors approved yesterday, July 20th, the distribution of an interim dividend for fiscal year 2023 of €0.49 per share representing an increase of 14% on the interim dividend paid in the previous year. The total interim dividend amounts to €65 million and will be paid on August 28th.
Results by regions
Iberia (España, Portugal y Polonia)
Economic sales in Iberia reached €824 million, which represents a 60% increase compared to the same period of 2022. In terms of adjusted EBIT, the company reached €153 million, equivalent to a 32% growth in this region.
Italy
In Italy, economic sales reached €271 million, or a 13% increase YoY. In addition, the company’s adjusted EBIT rose by 7%, reaching €77 million.
France
Lastly, economic sales in France amounted to €169 million, representing a 5% growth compared to the previous year, while the adjusted EBIT reached €43 million, or a 7% improvement YoY.
Iñigo Meirás, CEO of Logista, stated: “Despite the complex context in which we find ourselves, we can be very satisfied with the results obtained. Additionally, we continue advancing with our diversification strategy, particularly, with the acquisition of Gramma Farmaceutici which allows Logista to enter the pharmaceutical distribution sector in Italy”.
Perspectives for 2023
In line with Logista's strategic plan, whose essential focus is to provide additional growth and diversification to the current business base, the Group continues to seek opportunities to acquire complementary and synergistic companies. The latest acquisition of the Group was formalized on July 18th with the acquisition of Gramma Farmaceutici by Logista Italia. With this operation, the company accesses the pharmaceutical distribution and logistics segment in this country.
About Logista – www.logista.com
Logista is one of the top logistics operators in Europe, specialising in proximity distribution channels. The company regularly serves nearly 200,000 sales points throughout Spain, France, Italy, Portugal, the Netherlands and Poland, and facilitates the best and fastest market access for a broad range of retail products, pharmaceuticals, electronic recharges, books and other publications, tobacco and lottery products, among others. In addition, Logista operates the largest transportation network in Spain, which is also certified for food safety.
Logista maintains a team of highly qualified professionals, comprised by over 7,000 direct employees and 15,000 collaborators, all of them focused on providing service to customers and adapting to their needs in the most efficient manner.
Committed to sustainability
Logista has been awarded the Ecovadis silver medal, which establishes it among the top 1% of companies in the industry.
The Ecovadis medal adds to other distinctions obtained previously by the company. Once again in 2022, CDP, which recognises global companies leading the fight against climate change, acknowledged Logista’s work as a driver of sustainable change throughout its value chain, including the company in its Supplier Engagement Leader category. In addition, Logista obtained a qualification of A- in its annual index, thus making it into the Leadership category one more year.
Logista’s firm commitment to sustainability has also been recognised once again in October 2022 by Sustainalytics, one of the top evaluators of Corporate Social Responsibility and Corporate Governance worldwide. After analysing the company’s ESG criteria, Sustainalytics awarded it an ESG risk classification of 13.7 over 100, highlighting its Low Risk of experiencing material financial impact due to ESG factors, and thus awarding an Industry TOP RATED 2023 accreditation, as number 11 among 365 evaluated companies in the Transportation industry