Logista Integral (LOG) Q4 2024 earnings summary

Executive summary

• Achieved strong 2024 results driven by business line growth, diversification, and synergy implementation.

• Non-tobacco economic sales surpassed 50%, reaching 52% of total, reflecting successful diversification.

• Proposed a high dividend for 2024, up 30% year-on-year, maintaining a policy of distributing at least 90% of net profit.

• Launched new ESG targets under the 2024-2026 sustainability plan, showing continued commitment to sustainability.

Financial highlights

• Economic sales rose 4.3% year-on-year to EUR 1,757 million; revenues reached EUR 12,986 million.

• Adjusted EBIT increased 5.3% to EUR 385 million; net profit up 13.2% to EUR 380 million.

• EBITDA grew 5% to EUR 495 million; EPS increased to 2.34 from 2.07.

• Net financial income reached EUR 93 million, benefiting from higher average interest rates.

• Share price hit an all-time high of EUR 28, up 12% during the year; total shareholder return was 14%.

Outlook and guidance

• Expects sustainable growth in 2025, with mid-single-digit adjusted EBIT growth (excluding profit on inventory and new acquisitions).

• Focus remains on sustainable growth, maintaining dividend policy, and pursuing small/mid-size acquisitions.

• Stronger growth anticipated in non-tobacco businesses, with tobacco remaining a significant EBIT contributor.

• Positive outlook for transport volumes in Europe for 2025.