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Logista LOGISTA REPORTS A 33.2 % INCREASE IN NET PROFIT IN THE FIRST SEMESTER OF FISCAL YEAR 2021 ● ● Economic Sales grew by 5.8 % Confirms the good activity performance already observed in the first quarter , now with an increase of 30 % in Operating Profit and 23.1 % in Adjusted Operating Profit . Madrid , 10 May 2021.- Logista , the leading distributor in Southern Europe , reported today its financial results for the first semester of fiscal year 2021. The results show the growth consolidation experienced in the first quarter , which already demonstrated the Group's activity despite the pandemic . Economic Sales grew by 5.8 % due to the improvements recorded in all markets . This increase is the result of the good performance of the pharma , courier , and long - distance transport businesses , as well as the increase in tobacco distribution and convenience products in Italy and France , that have offset the lower performance of the rest of the businesses . Adjusted Operating Profit ( Adjusted EBIT ) increased by 23.1 % compared to the same period of the previous year , reaching € 138m . The Adjusted Operating Profit margin on Economic Sales was 23 % compared to 19.8 % in the same period of the previous year , thanks to the good activity performance and the operating costs containment . Operating Profit ( EBIT ) increased by 30 % to € 110m . Finally , Net Profit recorded an increase of 33.2 % to € 88m . In addition to the overall business improvement , Financial Results were higher than those obtained in the same period of last year , which have reached € 11m ( compared to € 6m in 2020 ) , mainly due to the interest generated by the excess payments on account of corporate income tax in Spain during 2017 and 2018 , in accordance with a resolution by the Constitutional Court . The effective tax rate was 27.4 % , broadly in line with the 27.3 % of the previous year . COVID - 19 is not estimated to have had a significant impact on the first semester of the year's results in any of the markets . C / Trigo , 39. Polígono Industrial de Polvoranca 28914 Leganés ( Madrid ) Tel .: 91 481 98 00 - media@logista.es www.logista.com 1