Logista : No big surprises in Q1 2022 results, with adjusted figures in line with our estimates
>Q1 2022 economic sales +3% y-o-y in line with consensus - Economic sales in Q1 2022 (Oct-Dec 2021) were +3% y-o-y at € 299m (vs -1% in Q4 2021 and +10% in Q3 2021), in line with our estimates and also similar to consensus expectations. Economic sales were strong in Spain (+7% y-o-y) thanks to improvements in tobacco distribution in Iberia after tobacco price increases. Q1 2022 EBIT slightly ahead of expectations, underlying EBIT in line - Logista’s a...Compania de Distribucion Integral Logista Holdings, through its subsidiaries, is a distributor and logistics operator in Spain, Portugal, France, Italy and Poland. Co. is engaged in providing various distribution channels with a range of products and services, including tobacco and tobacco related products, convenience goods, electronic documents and products (such as mobile phone and travel card top-ups), pharmaceutical products, books, publications and lottery tickets. Co. provides these services through a network which spans the whole value chain, from picking up to POS delivery.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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