Logista Integral (LOG) Q1 2026 earnings summary

Executive summary

• Revenue rose 3.3% year-over-year to €3,399 million, with growth in Iberia and Italy offsetting declines in France.

• Adjusted EBIT increased 2.0% to €100 million, while net profit fell 8.4% to €71 million compared to Q1-2025.

• The macroeconomic environment remained complex, with persistent geopolitical tensions and moderate Eurozone growth.

Financial highlights

• Economic Sales declined 0.8% to €454 million, but the margin improved by 60 bps to 22.0%.

• Operating profit (EBIT) dropped 5.4% to €82 million, impacted by higher restructuring costs and absence of asset sale gains.

• Net financial income was €15 million, down from €18 million, due to lower reference rates.

• Basic EPS was €0.54, down from €0.58 in the prior year.

• EBITDA increased 3% year-over-year, supporting a 10.5% rise in normalized cash flow.

Outlook and guidance

• Expects mid-single-digit growth in Adjusted EBIT for FY2026, excluding inventory valuation adjustments and new acquisitions.

• Plans to maintain a total dividend per share for FY2026 at least equal to €2.09, matching FY2024 and FY2025.

• Continues to seek acquisition opportunities to drive growth and diversification.