DIA Group posts in the first nine months of 2015 gross sales under banner of EUR7.843bn, up 15%
October 27, 2015
In the first nine months of 2015, the adjusted EBITDA grew by 7.3% in local currency, reaching EUR427m.
In Spain, gross sales to September reached EUR4.379bn, up 15.2%.
In the first nine months of the year, DIA Group posted gross sales under banner of EUR7.843bn, up 15% in local currency versus the same period in the previous year. In Argentina, Brazil and China, despite the slowdown of those economies and the strong depreciation of the Brazilian real, gross sales under banner reached EUR2.841bn, up 21% in local currency.
In Spain, gross sales under banner posted a positive performance, growing by 15.2% to EUR4.379bn.
“In the third quarter, acquisitions have had a 2.0% negative effect on our comparable sales in Spain. Taking this into consideration, same-store sales were positive in proximity and Iberia returned to positive organic growth. The integration of recent acquisitions in Spain was successfully completed during the last quarter. I want to highlight the hard work of our teams over the summer to receive the last batches of Eroski stores and remodel them into the new formats. I am delighted to confirm that we have obtained great results from this transfer in record time, which is very challenging in this sector. We will continue to fine-tune La Plaza to improve the good initial results of the model.
Looking ahead, we are confident about our growth potential, the relevance of our plan and the solid performance of our business units. We therefore feel comfortable that we will meet our short-term targets and continue to generate more profitable growth and strong cash flows in the coming years”, stated Ricardo Currás, CEO of DIA Group.
Underlying net profit in euros during the first nine months of the year reached EUR165m to September, down 3.6% mainly due to higher financial expenses, and attributable net profit fell by 52% in local currency due to the one-off related to the sale of France last year. As of September, DIA operated 7,583 stores, 876 more than a year ago. The company has already completed the reception and the transformation of Eroski stores into the La Plaza de Dia.
