Logista : Q3 2021 EBIT somewhat above expectations. FY 2021 guidance reiterated
>Q3 2021 revenues +10% with a solid performance in Spain and France - Economic sales in Q3 2021 (Apr-June 2021) were +10% y-o-y at € 309m (vs +9% in Q2 2021 and +3% in Q1 2021), 3% above our estimates. By region, revenues for the Iberian peninsula accelerated strongly +15% y-o-y (vs +4% in Q2 2021 and +6% in Q1 2021) to € 157m, fully in line with our estimates, mainly due to the recovery of the non-tobacco activities helped by the easier comparison base last year. Fra...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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