Logista : Q3 results in line, FY 2023 guidance nuanced slightly upwards
>Q3 2023 economic sales +36% y-o-y, a touch above - Economic sales in Q3 (Apr-Jun 2023) were up +36% y-o-y to € 427m positively impacted by the scope effect of Speedlink, Mosca and Carbó (we estimate they added 22pp yet the company discontinued reporting the organic growth), slightly above our estimates (2pp) and consensus (2pp). Economic sales were very strong in Iberia (+57% y-o-y vs +72% in Q2 and +53% in Q1 2023) namely due to the positive contribution from new ac...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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