Logista Integral (LOG) Q2 2026 earnings summary

Executive summary

• Revenues rose 2.6% year-over-year to €6,594 million, driven by growth in Iberia and Italy, while France declined.

• Net profit declined 9.9% to €136 million, mainly due to lower inventory revaluation gains and reduced financial income.

• The business model, supported by inflation-linked clauses, helped mitigate macroeconomic and geopolitical risks.

• Strong ESG progress, with advances in sustainability, gender diversity, and expanded recycling initiatives.

• Focus remains on operational efficiency, shareholder returns, and diversification through acquisitions.

Financial highlights

• Revenue rose 2.6% to €6,594 million; Economic Sales declined 1.3% to €904 million.

• Adjusted EBIT fell 3.5% to €195 million, with margin on Economic Sales at 21.6%.

• Net profit dropped 9.9% to €136 million; EBITDA was €251 million, down 4% year-over-year.

• Free cash flow was negative €536 million, reflecting seasonal working capital outflows.

• Earnings per share were €1.03, down from €1.14 in the prior period.

Outlook and guidance

• Adjusted EBIT (excluding inventory profit) expected to grow at a mid-single-digit rate for FY2026.

• Dividend per share for 2026 is expected to be at least €2.09, matching 2025.

• Continued focus on core business strength, cost discipline, and diversification through small and mid-sized acquisitions.