DIA increases its net profit by 11.7% to EUR227.7m in 2013
February 20, 2014
Turnover reached EUR11.476bn, up 7.2% in local currency.
At year-end, DIA operated 7,328 stores, 378 more than a year ago.
At its General Shareholders’ Meeting, DIA’s Board of Directors will propose a
gross dividend of EUR0.16 per share, 23% more than in 2012.
DIA Group ended fiscal 2013 having achieved the targets it set itself at the start of the year, thanks to the dynamic performance of markets such as the one in Brazil, and DIA’s excellent positioning in Iberia. The Group’s gross sales under banner reached EUR11.476bn, implying a 7.2% increase in local currency. In Spain, gross sales under banner grew by 5.7%, reaching EUR5.199bn.
“2013 has been a great year for DIA. In an extremely challenging scenario, we have achieved our goals. In Iberia, we have reached an outstanding level of profitability, gaining market share for yet another year, especially through an ambitious and well-executed expansion plan based mainly on the growth of franchise. These entrepreneurs make the DIA system more flexible and resilient than ever, and they will remain a master pillar of DIA’s equity story in the future. I want to highlight the performance of our teams integrating Schlecker into the DIA group, which is well ahead of our plans, turning around the decline in sales while managing to regain (after only eleven months of operations) profitability levels that Schlecker only achieved well before being acquired. The relevance of our strategy, our clear roadmap and timing and, above all, the flawless execution of our teams, make me feel confident in our ability to achieve our long-term goals”, declared Ricardo Currás, CEO of DIA.
Adjusted net profit reached EUR227.7m, implying 11.7% growth, supported by a 6.8% increase in adjusted EBITDA, reaching EUR642m. While DIA expects a tough 2014 for consumers in many of its markets, the combination of being proximity experts and offering the best prices will allow the company to continue to grow. Accordingly, DIA estimates that its investment in store openings will be higher than in 2013.
DIA’s Board of Directors will propose at the General Shareholders’ Meeting the distribution of a gross dividend of EUR0.16 per share, implying a 23% increase versus 2012, and a payout of 46%.
DIA reiterates its double-digit EPS growth target adjusted in local currency for the 2012- 2015 period
