Logista drops after Q1 earnings miss, 2025 outlook cut

Logista Integral SA

06/02/2025 10:28

** Shares of Logista  LOG.MC  drop around 3%, paring some
losses after falling as much as 4.6% earlier in the session, as
the Spanish logistics company reported Q1 operating profit below
expectations and cut its guidance for 2025
    ** Renta 4 deems the release as negative
    ** It notes adjusted EBIT ex profit on inventory (POI) of 84
million euros was 5.6% below the broker's expectations, dragged
by weak performance of the company's long-haul division on the
back of lower demand amid a worse macroeconomic situation in
Europe
    ** Logista cut its guidance for 2025, now expecting EBIT
adjusted ex POI to reach a similar level to 2024 vs a previous
guidance for mid-single digit growth

 (Reporting by Tiago Brandao)
 ((Tiago.Brandao@thomsonreuters.com;))