Logista Integral (LOG) Q4 2026 earnings summary

Executive summary

• FY26 revenue rose 2.2% to €13,837m; Economic Sales increased 1.7% to €1,840m and Adjusted EBIT grew 3.3% to €391m, meeting underlying growth guidance.

• Diversification, pricing and cost-recovery mechanisms, and cost discipline supported resilience amid macroeconomic and geopolitical uncertainty.

Financial highlights

• Reported EBIT was €317m, down 0.4%; net profit was €282m, up 0.3%, and profit before tax reached €388m, up 1.7%.

• EBITDA was €505m versus €495m; normalized cash flow was €328m versus €315m, while free cash flow was €378m versus €483m.

• FY26 profit on inventory was €36m versus €45m in FY25; restructuring and other costs were €13m versus €5m, and disposal result was a €1m loss versus a €6m gain.

• Financial income rose to €81m from €73m; net financial income was €71m versus €63m, while financial expenses remained €10m.

Outlook and guidance

• FY27 Adjusted EBIT guidance is mid-single-digit growth, excluding inventory valuation adjustments in both years and any new acquisitions.

• FY27 gross dividend per share is intended to be at least €2.17; selective small and mid-sized bolt-on acquisitions will support geographic and business diversification.

• El Mosca integration is expected to near completion by end-FY27, with continued network, route-productivity and customer-mix optimization.

• Pharma management sees further value-creation opportunities in Spain and Italy; French network optimization is intended to mitigate tobacco-volume pressure on margins.