Interim report
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Logista LOGISTA INCREASES NET PROFIT BY 32.6 % IN THE THIRD QUARTER OF FISCAL YEAR 2021 ● ● ● Economic Sales grew by 7.2 % Consolidates business good performance this year , with Operating Profit up 29.5 % and Adjusted Operating Profit up 22.6 % Logista's Board of Directors approves an interim dividend of 54 million euros , 0.41 euros per share , 5.1 % higher than last year's interim dividend Madrid , 26 July 2021.- Logista , the leading proximity distribution company in Southern Europe , today presented its third quarter results for the 2021 fiscal year , which reflect the Group's strong performance with growth in the main income statement aggregates , in line with previous quarters of the year . Economic Sales grew by 7.2 % to 909 million euros , due to improvements in all geographies and activities . Particularly noteworthy were the Economic Sales of parcels business ( Nacex ) , pharma and distribution of convenience products , which offset lower activity in tobacco distribution in Portugal . Adjusted Operating Profit ( Adjusted EBIT ) reached 215 million euros , an increase of 22.6 % compared to the first nine months of the previous year . The good performance of the business , the lower impact of Covid - 19 on results , the improvement in the impact of inventory valuation and the efficiency improvements carried out led to a significant increase in the Adjusted Operating Profit margin on Economic Sales , which was 23.6 % compared to 20.7 % in the same period of 2020 . Operating Profit increased by 29.5 % to 174 million euros . Finally , Net Profit increased by 32.6 % to 137 million euros . Logista also reported Financial Results significantly higher than in the same period last year , reaching 14 million euros , compared to 8 million euros last year . This increase is mainly due to the interest generated by the excess payments on account of corporate income tax in Spain during the 2017 and 2018 financial years , in accordance with a ruling of the Constitutional Court . The effective tax rate was 27.3 % , the same as the previous year . COVID - 19 is not estimated to have had a significant impact on the third quarter 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