It serves around 250,000 points of sale in Spain, France, Italy and Portugal, efficiently facilitating manufacturers access to convenience products, electronic top-ups, tobacco, pharmaceuticals, books, publications and lottery markets, among others, in a transparent way and with full operational control.
As a group, Logista shares the values of respect, professionalism, initiative and commitment. These values are explicitly stated in its Code of Conduct and, together with other behavioural guidelines in the code, these underpin the unique business model that defines us.
We extend these values to our management of the supply chain, establishing business relationships with reputable, trustworthy suppliers with professional and ethical business practices.
Logista’s General Principles of Conduct set out the minimum standards and basic rules of conduct that must govern the activities of suppliers in their dealings with Logista, towards their own employees and other third parties involved in carrying out their activities.
Logista’s quality proposal is based on its capacity to combine wholesale distribution and logistics with other value-added services for our clients, in line with their product strategies. This allows them to focus on their main business operations while maintaining visibility on their route to market.
With full transparency and traceability, Logista acts as single supplier for all the services making up the supply chain, offering advanced and specialist services for each sector and point-of-sale channel in which it operates.
It achieves this through its comprehensive infrastructure network combined with its transport and information systems, enabling it to manage the distribution of products from collection to point-of-sale delivery.
Logista also provides omnichannel marketing of products and services via its web platforms, point-of-sale terminals, cash & carry service points, call centres and sales force.
Through its network, Logista manages the distribution of a wide range of consumer products to different local retailers (convenience stores, confectionery and tobacconists, pharmacies, kiosks, bookshops, etc.) in Spain, France, Italy and Portugal. It regularly serves around 250,000 points of sale used by some 45 million consumers every day. Logista also provides distribution to wholesalers in Poland.
Logista has developed a business model that is unique in the market, and which is transforming the model of distribution to specialist retail channels that sell a wide range of products and services. Our value proposition stands out from other wholesalers because:
Distribution of tobacco products and other convenience products, including tobacco and non-tobacco related products, to the tobacconist channel in Spain, France and Italy, and to points of sale to distribute tobacco, in the case of Portugal. In Spain and Italy, this also includes the distribution of convenience products to other proximity channels.
Management of full load and long-distance transport throughout Europe, temperature-controlled capillary transport in Spain and Portugal, and express courier services for parcels and documents in Spain and Portugal.
Through this business area, Logista provides transport services to its other businesses and to third parties.
Pharmaceutical products and publication distribution and logistics services in Iberia, as well as wholesale distribution of convenience products to different tobacco and convenience retailers in France.
We are the preferred distribution partner for manufacturers, providing them with their route to consumers through simple and rapid access to proximity channels. We offer all the services they need to reach hundreds of thousands of independent points of sale, from the most basic outlets to those with greater value-add.
As a hospital distributor and logistics operator, Logista is constantly developing dedicated services for each sector, and works closely with clients to tailor its offering to their current needs and to anticipate their future needs.
As a transport services operator, Logista pursues a strategy of differentiation by specialising in high-value products in long-distance transport; temperature-controlled parcel transport, and by offering the very highest standard of courier service to business clients (B2B).
| € millions | Financial Year 2020 | Financial Year 2019 |
|---|---|---|
| Income | 10,559 | 10,148 |
| Economic sales | 1,157 | 1,149 |
| (-) Operating cost of logistics networks | (750) | (736) |
| (-) Commercial operating expenses | (66) | (69) |
| (-) Operating expenditure on research and central offices | (85) | (82) |
| Total operating costs | (900) | (887) |
| Adjusted EBIT | 257 | 262 |
| Margin % | 22.2% | 22.8% |
| (-) Restructuring costs | (12) | (11) |
| (-) Amort. Logista France assets | (52) | (52) |
| (+/-) Profit/(loss) on disposal and impairment | 13 | 5 |
| (+/-) Profit/(loss) from equity-accounted companies and other | 1 | 1 |
| Operating profit | 206 | 204 |
| (+) Financial income | 17 | 15 |
| (-) Financial expenses | (5) | (2) |
| Profit/(loss) before tax | 219 | 217 |
| (-) Corporate income tax | (61) | (52) |
| Effective tax rate | 27.9% | 24.1% |
| (+/-) Other income / (expenses) | 0 | 0 |
| (-) Non-controlling interests | (0) | (0) |
| Net profit | 157 | 165 |
| € millions | 30 September 2020 | 30 September 2019 |
|---|---|---|
| Property, plant and equipment and other fixed assets | 373 | 229 |
| Net long-term financial investments | 19 | 18 |
| Net goodwill | 921 | 921 |
| Other intangible assets | 408 | 457 |
| Deferred tax assets | 19 | 19 |
| Net inventory | 1,294 | 1,283 |
| Net receivables and other | 1,986 | 1,946 |
| Cash and cash equivalents | 2,827 | 2,211 |
| Total Assets | 7,847 | 7,084 |
| Shareholders' funds | 514 | 519 |
| Non-controlling interests | 2 | 2 |
| Non-current liabilities | 168 | 44 |
| Deferred tax liabilities | 254 | 265 |
| Short-term borrowings | 77 | 38 |
| Short-term provisions | 14 | 12 |
| Trade and other payables | 6,819 | 6,205 |
| Total Liabilities | 7,847 | 7,084 |
Logista’s organisational structure is headed by the Chief Executive Officer and supported by a Management Committee.
Due to the passing of his predecessor in October 2019, the Board of Directors appointed new Chief Executive Officer Íñigo Meirás in December 2019. Our new CEO has reconfigured the group’s Management Committee, simplifying its structure and reducing the number of its constituent members (five corporate directors and three managing directors heading up each geographical area, to whom the heads of the business areas from each area report).
This new composition of the Management Committee has allowed us to strengthen our strategic focus with new corporate leadership that will have an impact on the group’s strategic development.
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