Logista : Q2 results beat the street, outlook revised upwards
>Q2 2023 economic sales +46% y-o-y, better than expected - Economic sales in Q2 (Jan-Mar 2023) were up +46% y-o-y to € 436m positively impacted by the scope effect of Speedlink, Mosca and Carbó (we estimate they added 26pp yet the company discontinued reporting the organic growth), notably above our estimates (10pp) and consensus (9pp beat). Economic sales were very strong in Spain (+72% y-o-y vs +53% in Q1 2023) namely due to the positive contribution from new acqui...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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