Logista : Q1 earnings in line, outlook reiterated
>Q1 2023 economic sales +33% (+9% l-f-l) y-o-y, slightly better than expected - Economic sales in Q1 2023 (October-December 2022) were up +33% y-o-y to € 398m which equates to +9% organic growth once adjusted for the scope effect of Speedlink, Mosca and Carbó (vs +7% in Q4 2022), slightly above our estimates (4pp above) and consensus expectations (5pp beat). Economic sales were very strong in Spain (+54% y-o-y reported and +12% organic vs +11% in Q4 2022) thanks to im...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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