February 07, 2025
- Economic Sales rose by 7% compared to the first quarter of the previous year, adding €458 million.
- Adjusted EBIT reached €98 million, or a 10% growth YoY.
Logista, one of the leading logistics operators in Europe, has announced its financial results for the first three months of fiscal year 2025, corresponding to the period between 1st October and 31st December 2024. Throughout this period, the company obtained revenues of €3,292 million, or 4% year-on-year growth. In addition, economic sales rose up to €458 million, a 7% increase compared to the same period of the previous year.
EBIT reached €86 million, or +20% compared to the first quarter of 2024.
All this leads to a net profit for the quarter of €77 million, or 6% more than the €73 million of Q1 2024.
The General Shareholders' Meeting held yesterday approved the distribution of a total dividend of €277 million (€2.09 per share) for the 2024 fiscal year, which represents an increase of 13% compared to the dividend distributed in the previous year (€1.85 gross per share). The company thus maintains its commitment to distribute at least 90% of its net profit via dividends.
Logista maintains its shareholder remuneration policy and in 2025 expects to pay out a dividend that is, at least, the same as in 2024, which reached 2.09 euros per share.
Results by region
Iberia (Spain, Portugal, Poland, Netherlands and Belgium)
Revenues in the region of Iberia during Q1 increased by 13%, reaching €1,278 million, while economic sales rose by 10% up to €304 million.
Italy
In Italy, revenues reached €1,117 million (remained stable vs. last year), whereas economic sales rose up to €104 million, or a 9% increase YoY growth.
France
Lastly, revenues in France were €912 million (2% less) and economic sales amounted to €51 million (6% less compared to the first quarter of 2024).
Iñigo Meirás, CEO of Logista, said that “We continue to work in accordance with the objectives of our strategic plan to continue to bring growth and diversification to our businesses, as well as value to our customers and shareholders."
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.
Committed to Sustainability
For eight consecutive years, Logista has kept its leadership position in CDP, which recognises the leading global companies in the fight against climate change. Logista is the only European distributor to be included in this list for such period.
In addition, Logista's firm commitment to sustainability was recognised in May 2024 by Sustainalytics, one of the leaders in the assessment of Corporate Social Responsibility and Corporate Governance worldwide.
After evaluating the Company's ESG criteria, it has awarded it an ESG risk rating of 16.5 points, which considers it to be at Low Risk of experiencing material financial impacts due to ESG factors and grants it accreditation as Industry TOP RATED 2024 – which assesses high performance in its sector outside of Sustainalytics' comprehensive coverage universe, achieving one of the top 50 ratings in the Transportation 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, whose scale is AAA-CCC.
We have also participated in the Corporate Sustainability Assessment (CSA), S&P's corporate sustainability assessment. In February 2024, Logista was once again recognised by the Financial Times as a "leader in diversity" and in April 2024, Ecovadis awarded the bronze medal to Logista for Logista's performance in terms of sustainability.
Logista is also part of the FTSE4Good IBEX index, made up of companies that demonstrate solid environmental, social and corporate governance practices, and the Ibex Gender Equality. Logista was also included in the Ibex 35 in 2022.