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Investing.com -- Logista (BME:LOG) shares tumbled around 7% Friday after the European distributor to proximity retailers reported a profit decline for the first half of 2025.
The company's revenue rose 3.5% year-over-year to €6.43 billion, driven by strong performance in Iberia and Italy, which offset a decline in France.
Economic sales increased by 5.6% to €916 million. Adjusted EBIT was up 4.6% at €202 million, while the adjusted margin on economic sales declined slightly to 22.1% from 22.3%.
Operating profit (EBIT) was €174 million versus €168 million in the same period last year.
However, profit before tax came in at €203 million, down 5.7% from €216 million, while net profit fell 5.4% to €151 million from €160 million in the first half of 2024.
By region, Iberia recorded revenues of €2.47 billion, up 9.0%, with economic sales rising 6.4%, supported by 12.5% growth in tobacco and related products. Adjusted EBIT in the region declined slightly by 1.4% to €107 million.
Italy posted revenue growth of 4.4% and economic sales growth of 12.1%, with adjusted EBIT up 27.3% to €68 million. In France, revenues fell 4.3% and economic sales declined 9.3%, while adjusted EBIT dropped 13.8% to €26 million.
Looking ahead, the company said adjusted operating profit including inventory effects is expected to be in line with market expectations for the full year.
Excluding the impact from inventory valuation, it expects adjusted operating profit to be slightly below fiscal 2024.
Logista added that it remains focused on its strategic plan to grow and diversify the business and reiterated its intention to maintain at least the same dividend payout as in 2024 (€2.09 per share).
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