Logistica earned 88 million in its first financial semester
Logistica reported a net profit of EUR 88 million during its first financial semester (October 2021 to March this year),…
Logistica reported a net profit of EUR 88 million during its first financial semester (October 2021 to March this year), representing an increase of 0.1% compared to a year earlier, recording the negative impact of the sale of Supergroup. a subsidiary company classified as an asset for sale at the end of the 2021 fiscal year in France and whose disinvestment Happened on 2 February 2022.
Similarly, operating profit increased 13.5% to EUR 128 million, as a good growth of adjusted operating profit (+6.3%) was added to the sale of two non-operating assets in Spain, which have generated approx. six million Euros of capital gains, higher results from the distribution of the books and lower restructuring costs compared to the first half of last year, as explained by the company.
With all this, the financial results of EUR 7.7 million recorded in the period and an effective corporate tax rate compared to last year have given the place a bit higher. Net Profit of continuing operations at EUR 99.5 million, which represents an increase of 9.4%.
Results demonstrate solid business model despite complex general context
las bargain sale They stood at 597 million euros in the distribution of convenience products, an increase of 3% compared to the same period last year, with recorded improvements in the distribution of tobacco, in transport and in pharmaceutical distribution in Iberia. Iberia and Italy.
«Once again, the results of this first semester demonstrate a solid business model logistaconfirms the positive behavior that was already observed in the first quarter despite the complex general context in which activity continues”, highlighted Logista’s CEO, inigo mareso,
In respect of dividend, the general meeting of shareholders was held February 3 This year, it has agreed to distribute a supplementary dividend of 110 million euros (0.83 euros per share) for the 2021 fiscal year, which was paid on February 24, 2022.
In this way, the amount of total dividends corresponding to FY 2021 reached €164 million (1.24 euros per share), an increase of 5.1% over the distribution of the previous year.
In addition, on February 16 this year announced the acquisition of 70% speedlink Worldwide Express, a Dutch company specializing in express delivery. According to the company, this operation represents Logistica’s entry into a new market and lays the foundation for Knexa’s international growth.