Logista : Q4 earnings in line. FY 2024 guidance as expected
>Q4 2023 economic sales +31% y-o-y, a touch above forecasts - Economic sales in Q4 (July-September 2023) were up +31% y-o-y to € 424m, positively impacted by the scope effect from Speedlink, Mosca and Carbó (we estimate they added 22pp though the company discontinued reporting organic growth), somewhat above our estimate (4pp) and the consensus (5pp). Economic sales were very strong in Iberia (+51% y-o-y vs +57% in Q3 and +72% in Q2) due to the positive contribution ...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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