DIA Group’s turnover up 8.3% in Q1 2012, reaching EUR2.819bn
Adjusted net income reached EUR20m, up 51.5%.
Sales growth accelerated in Spain, with a 6.8% increase.
Emerging-country business is consolidated as the second-highest contributor, behind Iberia.
DIA (Distribuidora Internacional de Alimentación S.A.) released its Q1 2012 results with gross sales under banner of EUR2.819bn, which represents an 8.3% increase at constant currency compared to the same period in 2011. The good business performance in Spain, coupled with an improvement in emerging countries, allows DIA to reiterate its growth forecasts which it published in February.
In Spain, gross sales under banner reached EUR1.17bn, up 6.8%, while total sales in Argentina, Brazil, Turkey and China reached EUR802m, a 25.2% rise. “These results reveal the good job we are doing month after month in improving the efficiency of our business model, while implementing the most attractive and competitive commercial offer for our clients”, said Ricardo Currás, CEO of DIA.
Adjusted EBITDA rose by 15.1% to EUR113.5m, while adjusted net income reached EUR20m, a 51.5% increase. The business improvement and fewer non- recurring items (such as store transformation) led net income attributable to triple, reaching EUR14.2m.
At the end of Q1, DIA had 6,826 stores in the seven countries in which it operates.
