May 09, 2025
- Economic sales reached €916 million, or a 6% growth year-on-year.
- In 2025, the company is committed to distributing a dividend at least equal to that of 2024, which was 2.09 €/share.
Today, Logista, one of the leading logistics operators in Europe, announced
its financial results for the first half of fiscal year 2025, in which it registered an adjusted EBIT of €202 million, a 5% increase year-on-year. In addition, net profit reached €151 million, a 5% decrease compared to the previous year, mainly due to a reduction in financial revenues caused by a drop in interest rates.
The company recorded €916 million in economic sales, 6% more than during the same period of 2024, while total revenues reached €6.4 billion, which represents a 3.5% increase YoY.
Throughout this semester, Logista has continued managing its reciprocal credit line with Imperial Brands, its majority stakeholder, which is structured into two tranches: a first one of up to €1 billion at a rate of 3.615% (2.865% fixed rate plus a differential of 0.75%) and a second one of up to €3 billion at a rate of 6-month Euribor plus a differential of 0.75%. The total average rate for this period was 3.78%, lower than the 5.25% of the previous quarter, which was reflected in the financial results.
Results by region
Iberia
In Iberia, economic sales reached €606 million, a 6.4% increase over the same period of 2024, driven by a growth in the segments of tobacco and related products (+12.5%), pharmaceutical distribution (+13.2%) and transportation (+2.9%). Adjusted EBIT reached €107 million, a decrease of 1.4% year-on-year, due to lower results in the transport segment.
Italy
In Italy, economic sales grew by 12.1% up to €213 million, thanks to an improvement in fees, a positive impact of the profit on inventory and an increase in next generation product sales. Adjusted EBIT totalled €68 million, or a 27.3% increase YoY.
France
In France, economic sales were reduced by 9.3%, down to €101 million, due to lower volumes distributed in tobacco and related products, as well as a lower impact of the profit on inventory. Adjusted EBIT reached €26 million, or 13.8% less than in the same period of the previous year.
Dividend Policy
In line with Logista’s strategic plan, which focuses mainly on providing additional growth and diversification to the current core business, the company continues to seek opportunities to acquire complementary and synergetic businesses. In any case, maintaining the dividend policy will remain a priority for Logista. Therefore, in 2025 the company is committed to distributing a divided at least equal to that of 2024, which was 2.09 €/share.
Iñigo Meirás, CEO of Logista, said “we continue to work on integrating and optimising the businesses we acquired according to our strategic diversification plan. This approach allows us to not only consolidate our operations but also explore new growth opportunities and strengthen our market position.”
About Logista - logista.com
Logista is one of Europe's largest logistics operators and specialises in distribution to proximity channels. It regularly serves nearly 200,000 points of sale in Spain, France, Italy, Portugal, the Netherlands, Belgium and Poland and provides 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. It also 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 around 8,000 direct employees and a large number of collaborators including Nacex franchisees, Logista Parcel delegates, drivers, etc. Employees and collaborators all work focused on serving their customers in the most efficient way and adapted to their needs.
Logista has maintained its leading position in CDP, which recognises global leaders in the fight against climate change, for nine consecutive years. Logista is the only European logistics company to be listed in this category during this period.
In addition, Logista's firm commitment to sustainability was recognised in May 2024 by Sustainalytics, one of the leaders in the evaluation of Corporate Social Responsibility and Corporate Governance worldwide. After assessing the Company's ESG criteria, it awarded it an ESG risk rating of 16.5 points, which means that it is considered to be at Low Risk of experiencing material financial impacts due to ESG factors, and awarding the company accreditation as Industry TOP RATED 2024 - which assesses the high performance in its sector outside the comprehensive coverage universe of Sustainalytics -, achieving one of the 50 best ratings in the Transport industry.
Also as a result of its firm commitment to Corporate Social Responsibility, Logista has once again managed to position itself among the leaders in the sector by being recognised in 2024 with an MSCI rating of A, which is AAA-CCC.
We also participated in the Corporate Sustainability Assessment (CSA), S&P's corporate sustainability assessment. In February 2024, Logista was again recognised by the Financial Times as a "leader in diversity" and in April 2024, Ecovadis awarded Logista a bronze medal for its sustainability performance.