Logista Integral, S.A. (BME:LOG)
Spain flag Spain · Delayed Price · Currency is EUR
34.20
+0.14 (0.41%)
Jun 12, 2026, 5:35 PM CET
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Earnings Call: Q4 2021

Nov 5, 2021

Operator

Hello everyone, and welcome to the Logista 2021 results presentation. My name is Daisy, and I will be coordinating this call. You will have the opportunity to ask your question at the end of the presentation. If you would like to register a question, please press Star followed by one on your telephone keypad. I will now hand over to your host, Gloria, to begin. Gloria, please go ahead.

Gloria Martín
Director of Investor Relations, Logista Integral

Good morning. I'm Gloria Martín, Director of Investor Relations. I should like to welcome you to this audio webcast and conference call, which will consider the results of the 2021 fiscal year, about which you will find more details on our website. Today, I am accompanied by Íñigo Meirás, Logista CEO, and by Manuel Suarez, our CFO, who will lead this conference call together. If you have any questions, you will be able to ask them during the Q&A stage, which will take place at the end of the presentation and will be moderated by the operator. The document which accompanies this presentation and the observations which will be made as it progresses include forward-looking statements and projections concerning future results.

I invite you to read the disclaimer which accompanies the document and which mentions the various factors that could cause the real results to differ materially from the projections or forward-looking statements. I'm now handing over to Íñigo Meirás. Íñigo?

Íñigo Meirás
CEO, Logista Integral

Okay. Thank you, Gloria, and welcome ladies and gentlemen. During this webcast, we are going to deal with the highlights of the results, a review of the businesses, a financial review, and we shall end with an outlook for the forthcoming fiscal year. Afterwards, as mentioned by Gloria, we shall open a session of Q&A. In the fiscal 2021 fiscal year, which we can describe our understanding, our results began to grow again following the slightly regression which they had experienced in the previous fiscal year in an environment that was still affected by the new waves of COVID-19, and despite the fact that the pandemic began in the second half of the 2020 fiscal year.

In this context, thanks to appropriate management of the businesses, Logista compensated in record time for the adverse effects of the pandemic and achieved a 6% increase in economic sales, a 13% increase in EBIT, and 17% increase in the net profit from continuing operations, and an increase of 11% in net profit, including both continuing and discontinued operations. Throughout the fiscal year, our effort will focus on adapting our operations and businesses to the new reality in which we find ourselves, reengaging the business toward the areas with the greatest capacity for growth, continuing to support our customers through service of high added value which satisfy their needs, and something which is innate at Logista, controlling costs while seeking maximum operational efficiency.

Our successful business model, whose essential characteristics are flexibility, asset-light, and customer-integrated approach, is the cornerstone which enables us to maintain a solid financial performance even in adverse circumstances. This year, we have also continued to increase transparency in our communication, this time in connection with ESG. In view of the importance which Logista attaches to the ESG agenda and the need to find a uniform benchmark for comparing companies in the same sector and geographical area, and at the same size, which would enable us to continue improving our standards in this field, we have decided to seek an evaluation from an independent rating agency. In early October, Sustainalytics concluded its assessment of Logista by assigning to us an ESG risk rating of 14.1 points, which signifies a low risk of experienced material financial impacts due to the ESG factors.

That rating placed us at number three out of 75 companies evaluated in our sector, air freight and logistics. This rating can be added to our AA in the MSCI ESG Ratings to our inclusion for the fifth consecutive year, the CDP's A List for climate change, and to our recently obtained recognition as a leader in supplier engagement, also by the CDP. In addition to that, this year we have again been recognized by the Financial Times as a leader in diversity, and we remain part of the FTSE4Good Index. The eruption of the pandemic only a couple of months after my appointment as Logista CEO obliged us all to focus our attention in our day-to-day activities in the short term.

As to ensure the normal functioning of our operations, almost all of which, as you know, in our particular case, were regarded as essential activities in all the countries in which we operate. For this reason, and although it was never put aside, the implementation of the strategic agenda that we were setting up, centered on boosting logistics growth by means of diversification, had to be slowed down during the 2020 fiscal year. However, since the beginning of the 2021 fiscal year, we have returned to that agenda, and its greater ambition for growth has become a priority in our organization. Starting with transport, there are opportunities in the sector that offer the potential of recording high rates of growth with the right positioning. In the case of Nacex, our parcel subsidiary, we are concentrating on developing B2C distribution for sales made directly by the manufacturers via e-commerce.

As for Logista Freight, our long-distance transport subsidiary, it has come to be regarded as a core activity within the group, using a strategy of differentiation through added value services, going beyond its former profile, which was that of an activity that supported our other businesses. Moreover, the new reality brought in by the pandemic has prompted Logista to extend its strategy to include the opportunities presented by working in the public health system. This scenario has revealed the importance of the role that Logista Pharma can play in the public and private sectors, and its potential for replication in new geographical areas where, although Logista is present as a group, Logista Pharma is not. As I have told you, our strategic focus for the coming years will clearly be on growth.

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