Report
Isabel Carballo ...
  • Jeremy Garnier

Logista : Q4 2021 results below our forecasts on l-f-l. New FY22 guidance slightly above

>Q4 2021 revenues -1% with a restatement on non-tobacco activities in France - Economic sales in Q4 2021 (Jul-Sept 2021) fell -1% y-o-y to € 303m (vs +10% in Q3 2021 and +9% in Q2 2021), 7% below our estimates but mainly due to the consolidation differences at the French unit. The company has classified Supergroup, the subsidiary engaged in distributing convenience products to points of sale other than tobacconists in France (formerly the Other businesses sub-segment)...
Underlying
Compania de Distribucion Integral Logista Holdings S.A.

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Isabel Carballo

Jeremy Garnier

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