2020 Q2 Trading update
July 1, 2020
July 1, 2020
Fifteen per cent Like-for-Like growth with all markets positive for first time since Q4 2016.
Six per cent Group Net Sales increase from smaller store network and in the face of Brazilian and Argentinian currency effects.
Growth in e-commerce following proactive push – online offer now active in all markets
DIA Group (“DIA” or the “Group”), an international food retailer that operates in Spain, Portugal, Brazil and Argentina, today issued a trading update for the second quarter of 2020.
|Net Sales0F 1||Like-for-Like Sales|
|Q2 2020 (€m)||Q2 2019 (€m)||Change. (%)||vs Q2 2019 (%)|
|Total Stores 3 (#)||6,400||6.,09||-6.0%|
1 Net Sales expressed at current Euro exchange rate and under IAS29 for Argentina
2 All Spain and Portugal figures include Clarel (Q2 2019 has been re-stated to consolidate Clarel)
3 At end of period
Commenting on Q2 trading, Stephan DuCharme, Executive Chairman, said:
“Our Q2 trading demonstrates our progress in the last year, with higher net sales on a smaller store network as well as positive Like-for-Like in all markets for the first time since the last quarter of 2016. Transformation initiatives such as improved supply chain and store operations which supported our enhanced fresh offer were key drivers of performance, while our e-commerce expansion delivered twice as many online sales versus Q1.”
“Combining these enhanced capabilities with our attractive proximity offer, DIA is and has remained a trusted service provider as lockdown restrictions ease across our markets. With Group Like-for-Like remaining at 10 per cent in June following several months of exceptional one-off trading during lockdown, we expect the accelerated roll out of transformation initiatives including optimized assortment to have a positive impact going forward.” 1
|Net Sales||Like-for- Like Sales|
|H1 2020 (€m)||H1 2019 (€m)||Change. (%)||vs H1 2019 (%)|