Logista Integral (LOG) Q3 2024 earnings summary

Executive summary

• Net profit for the first nine months of 2024 increased by 22% to €237 million, with revenue up 3.6% to €9,480 million year-over-year.

• Economic Sales rose 4.6% to €1,318 million, and Adjusted EBIT grew 6.2% to €290 million compared to the same period last year.

• Growth achieved despite a complex macroeconomic environment, with inflation moderating and the ECB cutting rates for the first time since its tightening cycle.

• Strategic acquisitions in book and pharmaceutical distribution expanded the business footprint in Europe.

Financial highlights

• Revenue: €9,480 million (+3.6% year-over-year); Economic Sales: €1,318 million (+4.6%).

• Adjusted EBIT: €290 million (+6.2%); Operating Profit (EBIT): €249 million (+14.8%).

• Net Profit: €237 million (+22.4%); Basic EPS: €1.80 vs. €1.47 last year.

• Net financial income: €70 million, up from €46 million, driven by higher interest rates.

• EBITDA increased by 5.2% year-over-year; normalized cash creation up 7%.

Outlook and guidance

• Expects mid-single digit growth in Adjusted EBIT for 2024, excluding inventory revaluation and new acquisitions.

• Strategic focus remains on growth, diversification, and maintaining a robust dividend policy.