Logista : Q3 2022 results slightly ahead of expectations. Guidance reiterated
>Q3 2022 economic sales +6% y-o-y slightly better than expected - Economic sales in Q3 2022 (April-June 2022) were up +6% y-o-y to € 314m (vs +3% in Q2 2022), slightly above our estimates (4% above) and consensus expectations (3% beat). Economic sales were very strong in Spain (+11% y-o-y vs +8% in Q2 2022) thanks to improvements in tobacco distribution in Iberia, a positive contribution from new acquisitions in transport and new services in pharma, while economic sal...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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