Logista Integral (LOG) Q1 2025 earnings summary

Executive summary

• Revenue grew 4.0% year-over-year to €3,292 million, with strong performance in Iberia offsetting declines in Italy and France.

• Adjusted EBIT increased 10.1% to €98 million, and net profit rose 6.2% to €77 million compared to Q1-2024.

• Economic Sales margin improved to 21.4% from 20.9% year-over-year.

• Positive inventory revaluation from tobacco price changes contributed €14 million, a significant one-time impact.

• The period was marked by a complex macroeconomic and geopolitical environment, but inflation moderated and ECB rates declined.

Financial highlights

• Revenue: €3,292 million (+4.0% year-over-year); Economic Sales: €458 million (+7.4%).

• Adjusted EBIT: €98 million (+10.1%); EBIT: €86 million (+19.6%).

• Net profit: €77 million (+6.2%); EPS: €0.58 vs. €0.55 last year.

• EBITDA: €127 million (+€13 million year-over-year).

• Net financial income declined to €17.7 million from €26.2 million year-over-year.

Outlook and guidance

• Adjusted Operating Profit including inventory impact expected to align with market expectations for FY2025.

• Excluding inventory impact, Adjusted Operating Profit is expected to be in line with FY2024.

• Dividend policy maintained, with at least €2.09/share planned for FY2025.

• Strategic focus remains on growth, diversification, and potential acquisitions.