October 29, 2012
Underlying net profit rose by 27.6%
Turnover in Spain climbed by 5.7%
Brazil and Argentina, the growth engine
DIA confirms its forecasts for full-year 2012
In the period from January to September 2012, Distribuidora Internacional de Alimentación registered gross sales under banner of EUR8.372,7bn, a 6.9% increase at constant currency versus the first nine months of the previous year. In the third quarter of the year, turnover grew by 7% compared to the same quarter in 2011.
Underlying net profit in the first nine months of the year amounted to EUR115.4m, implying a 27.6% increase. The strength of the Spanish market, with a 5.7% rise in gross sales under banner to EUR3.653bn, and the 23.7% improvement in sales in emerging countries, back up DIA’s growth and profitability forecasts for the end of the year.
“Our commitment to dynamic growth in emerging countries is increasingly clear. Also, we continue to focus on developing proximity, especially in Iberia. We want to continue to grow with complementary formats to be ever-closer to consumers, as reflected in our latest decisions. In summary, good prospects for a difficult 2012 in which we are, once again, achieving the target we set ourselves ”, declared Ricardo Currás, CEO of DIA.
As of 31 September 2012, DIA had 6,982 stores in the seven countries in which it operates, 373 stores more than a year ago.