- Economic Sales grow by 2.8% to €1,149.0m
- The Net Profit increases by 5.1% to €164.6m
- The Board will propose to the shareholders a €0.81 per share final dividend, raising by 5.4% the fiscal year’s total dividend to €1.18
Logista raised its Revenues by 5.0% on a like-for-like basis during its fiscal year 2019, between October 2018 and September 2019, with growth in all countries.
Economic Sales grew by 2.8% to €1,149.0m when comparing with the previous fiscal year, with increases in all businesses in Iberia and France. Growths again stood out in convenience products in all countries, in Logista Pharma and in the Transport area.
Logista maintained its usual strict operating costs control policy, which rose by 1.7%, below the growth recorded in Economic Sales. This favourable behaviour repeated in every country where the Group operates.
The Adjusted Operating Profit (Adjusted EBIT) increased by 6.5% to €261.9m, the Operating Profit (EBIT) grew by 7.3% to €204.3m and the margin on Economic Sales rose from to 22.0% to 22.8%.
The Net Profit grew by 5.1% to €164.6m, despite higher restructuring costs and a higher tax rate.
Logista’s Board of Directors will propose the General Meeting of Shareholders distributing a €0.81 per share final dividend. After the €0.37 per share interim dividend already paid, total dividend for the fiscal year 2019 would rise by 5.4% to €1.18 per share, representing over 95% of the fiscal year’s consolidated net profit.
Logista so keeps its remuneration policy to shareholders consisting in distributing at least 90% of the consolidated net profit.