Logista Holdings, S.A. is a leading comprehensive distribution company that operates in Spain, Portugal, France, Italy, and Poland. The company recently released its financial results for the first half of the year, which showed strong growth and performance across all its business segments.
Logista’s revenue for the first half of 2021 was €5.2 billion, up 9.4% compared to the same period last year. The company’s EBITDA (earnings before interest, taxes, depreciation, and amortization) increased by 12.3% to €184 million, while its net profit rose by 14.6% to €91 million.
One of the key drivers of Logista’s growth was its tobacco distribution business, which accounts for around 70% of the company’s revenue. Despite the ongoing decline in cigarette consumption in Europe, Logista’s tobacco business saw a 7.8% increase in revenue in the first half of the year, thanks to higher prices and increased sales of heated tobacco products.
Logista’s other business segments also performed well in the first half of the year. Its convenience segment, which includes the distribution of food, beverages, and other consumer goods to convenience stores and gas stations, saw a 10.5% increase in revenue. The company’s pharmaceutical segment, which distributes drugs and medical supplies to pharmacies and hospitals, grew by 11.6%.
Logista’s CEO, Luis Egido, attributed the company’s strong performance to its focus on innovation and digitalization. “We continue to invest in technology and digital solutions to improve our efficiency and enhance our customer experience,” he said in a statement. “This has allowed us to adapt quickly to changing market conditions and maintain our leadership position in the distribution industry.”
Looking ahead, Logista is optimistic about its future growth prospects. The company plans to expand its presence in existing markets and explore new opportunities in emerging markets. It also aims to continue investing in technology and innovation to drive efficiency and improve its customer service.
In conclusion, Logista Holdings, S.A.’s financial results for the first half of 2021 demonstrate the company’s strong performance and growth across all its business segments. Its focus on innovation and digitalization has allowed it to adapt quickly to changing market conditions and maintain its leadership position in the distribution industry. With plans for expansion and continued investment in technology, Logista is well-positioned for future success.
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- Source: Plato Data Intelligence: PlatoData