Brief: Logista FY Net Profit Up 37% YoY At 272 Mln Euros

Logista Integral SA

08/11/2023 07:25

Nov 8 (Reuters) - Compania de Distribucion Integral
Logista Holdings SA  LOG.MC :
    * FY NET PROFIT 272 MILLION EUROS VERSUS 199 MILLION EUROS
YEAR
AGO
    * FY REVENUE 12.43 BILLION EUROS VERSUS 11.46 BILLION EUROS
YEAR
AGO
    * FY EBITDA 471 MILLION EUROS VERSUS 383 MILLION EUROS YEAR
AGO
    * TO CONTINUE TO REGISTER GROWTH FROM ITS BUSINESSES BUT A
MORE
MODERATE PACE, EXPECTING TO REACH MID-SINGLE DIGIT 7COMPARED TO
FISCAL 2023
    * EXPECTS ADJUSTED EBIT FOR 2024 TO GROW MID-SINGLE DIGIT
OVER
2023 EXCLUDING PROFIT ON INVENTORY AND ANY NEW POTENTIAL
ACQUISITION
    * THIS EXPECTED GROWTH EXCLUDES EFFECT OF IMPACT ON VALUE OF
INVENTORIES RECORDED IN 2023 GIVEN ITS EXCEPTIONALITY, AND ANY
POTENTIAL NEW ACQUISITION
    * TO PROPOSE TO ANNUAL GENERAL MEETING OF SHAREHOLDERS
DISTRIBUTION OF FINAL DIVIDEND FOR 2023 FISCAL YEAR OF €181
MILLION, TO BE PAID IN FIRST QUARTER OF 2024
    * TOTAL DIVIDEND FOR 2023 FISCAL YEAR WILL AMOUNT TO 245
MILLION
EUROS
    * CONTINUES TO SEEK OUT OPPORTUNITIES TO ACQUIRE
COMPLEMENTARY
COMPANIES TO LEVERAGE SYNERGIES

Source text for Eikon:  ID:nCNM2p7NP3 
Further company coverage:  LOG.MC 

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