- The company's Economic Sales have grown by 4.7%
- The good performance of the Group's activity has led to a 5% increase in Adjusted Operating Profit
- The company proposes to increase the dividend by 11% to 1.38 euros per share.
Logista, leading company in proximity distribution in southern Europe, today presented its 2022 fiscal year results, that confirm the consolidation of the growth of the Company's activity. In this period, there have been increases in the main magnitudes of the income statement, despite the complex geopolitical and macroeconomic scenario.
Economic Sales have increased by 4.7%, standing at EUR 1,235 million due to better results registered in all activities in Iberia and Italy, and the distribution of convenience products and electronic transactions in France. In this line, it is worth highlighting the double-digit increase registered in the Economic Sales of the distribution of convenience products in Italy, as well as in some transportation businesses.
Adjusted Operating Profit (Adjusted EBIT) has reached EUR 312 million, which represents an increase of 5% compared to the previous year. The Adjusted Operating Profit margin on Economic Sales was 25.3% compared to the 25.2% obtained in 2021 fiscal year, despite inflationary pressures.
In this fiscal year 2022, capital gains amounting to EUR 14 million have been generated, compared to EUR 2.1 million in the same period of last year. These capital gains, which come mainly from the sale of three non-operating assets in Spain, have made it possible to mitigate the increase in restructuring costs and the negative impact of the sale of Supergroup, one of the subsidiaries in France.
Operating Profit (EBIT) has registered an increase of 10.9% to EUR 266 million. Financial Results have been reduced slightly at EUR 19 million, compared to EUR 20 million in the same period of last year. This is mainly because in the 2021 financial year, the interest generated by the excess payments on account of corporate tax in Spain during the 2017 and 2018 financial years was received, in accordance with a resolution of the Constitutional Court.
Net Profit has increased by 14.3% to EUR 199 million.