February 05, 2025
- The total dividend will be comprised by an interim dividend for 2024, paid out last August 29th, and a complementary dividend to be paid out next February 27th.
- The company also approved the amendment of its Articles of Association and the Board of Directors' regulations to align them with the best standards.
Today, Logista, one of the leading logistics operators in Europe, held its General Shareholder Meeting, which approved the distribution of a total dividend of €277 million (2.09 euros per share) for 2024, which represents a 13% increase compared to the previous year (1.85 euros per share). Thus, the company maintains its commitment of distributing at least 90% of its net profits via dividends.
The approved dividend consolidates the interim dividend for 2024 fiscal year, which was paid on August 29th, 2024, for a total amount of 74 million euros (€0.56 per share), and a complementary dividend of 203 million euros (€1.53 per share), which will be paid on February 27th.
The significant increase in results (+13%) and the annual dividend is mainly due to the strong performance of the business, the increase in financial income, and the substantial profit from inventory.
The Meeting approved all the agreement proposals presented with a majority of votes in favour, including, among others, the annual results and the approval of the management by the Board of Directors, as well as the confirmation, appointment and re-election of its members Mr. Celso Marciniuk, in the dominical category, and Ms. Cristina Ruíz Ortega and Mr. Luis Isasi Fernández de Bobadilla, both in the independent category, for the new statutory term of 3 years.
Mr. Isasi has held the position of Non-Executive Chairman of the Board of Directors since February 2024.
With these appointments, 50% of the 12 members of Logista’s Board of Directors are independent. In addition, a 50% gender parity has been maintained at the Board.
Logista has also introduced modifications to the guidelines of the Board in order to adapt to the market’s best practices, including reducing the duration of appointments to three years and eliminating the possibility that a board member may chair the Board and any of its Committees simultaneously.
The General Shareholders' Meeting has also approved, with strong support from its shareholders, the new Directors' Remuneration Policy for the 2025-2027 period.
Luis Isasi, Chairman of Logista, pointed out that “the company is making progress in its commitment to governance and during the 2024 financial year it has reviewed the regulations of the Board of Directors and its Committees, adapting them to the best standards of corporate governance for listed companies".
On the other hand, Íñigo Meirás, CEO of Logista, highlighted that “throughout 2024, the company has continued executing its strategic plan, providing great value both to clients and shareholders, while achieving the best results in its history.”
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, Belgium 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 more than 7,600 direct employees, and has a large number of indirect collaborators who work in our different activities and countries such as Nacex franchisees, Logista Parcel delegates, drivers, etc. promoting local employment. All employees and collaborators are focused on providing service to customers and adapting to their needs in the most efficient manner.