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Logista LOGISTA INCREASES ITS NET PROFIT BY 21.7 % TO € 45 MILLION IN THE FIRST QUARTER OF FISCAL YEAR 2021 Revenues and Economic Sales also grew during the quarter by 3.6 % and 2.9 % , respectively . ♦ The good performance in activity during these three months led to a 16.3 % increase in Operating Profit and a 10.3 % rise in Adjusted Operating Profit . Madrid , 8 February 2021.- Logista , the leading distributor in Southern Europe , closed the first quarter of fiscal year 2021 with an 21.7 % increase in Net Profit and growth in the main figures of its income statement after having maintained activity at almost its usual pace despite the pandemic . Revenues from October to December 2020 grew by 3.6 % YoY due to increasing turnover figures in most of the main businesses such as tobacco distribution in France and Italy , the distribution of convenience products in all markets where Logista operates , as well as in the Pharma and Nacex in Spain . Economic Sales grew by 2.9 % YoY with increasing figures in all markets . By activity , the increase in Pharma , Nacex and Long - distance Transport , together with growth in the distribution of tobacco and convenience products , were much higher than the reduction experienced in the distribution of publications , Industrial Parcel Services and distribution of convenience products to networks other than tobacconists in France . Adjusted Operating Profit ( Adjusted EBIT ) reached € 68m , increasing by 10.3 % YoY and the margin on Economic Sales rose to 22.5 % from 21.0 % in the same period of 2020. Operating Profit ( EBIT ) increased by 16.3 % to € 55m . As a consequence of all the above , and despite registering a higher tax rate ( 27.9 % from 26.3 % in the previous year ) , Net Profit increased 21.7 % to € 45m . TOTAL A 21/20 Iberia France Italy Corp. and Others Revenues 2,676 + 3.6 % 800 1,043 840 -9 Economic Sales¹ 301 + 2.9 % 159 65 75 1 Adjusted EBIT² 68 + 10.3 % 37 13 22 -4 EBIT 55 + 16.3 % Net Profit 45 + 21.7 % Figures rounded , except percentage 1 : Economic Sales : Regular Revenues minus Procurement . 2 : Adjusted EBIT : EBIT minus costs not directly related to Group revenues . The Group's main indicator to analyse and measure its business performance . For a full explanation of these Alternative Performance Measurements and details on its calculation , see the Earnings Release at https://www.logista.com/es/home/investors-shareholders/economic-financial-information/alternative-performance- measures.html C / Trigo , 39. Polígono Industrial de Polvoranca 28914 Leganés ( Madrid ) Tel .: 91 481 98 00 - media@logista.es www.logista.com