DIA Group generates adjusted net profit of EUR102.5m in H1 2014, up 5.3%

DIA Group posted gross sales under banner of EUR4.434, 8bn, 8.7% more in local currency than in the first half of 2013. In emergent, the dynamic nature of the business in Brazil, Argentina and China allowed the company to generate sales of EUR1.486bn for the first half of the year, up 28.4% excluding the currency effect.

In Spain, despite the deflationary context, gross sales remained stable at EUR2.517, 4bn, with a slight fall of 0.8% versus the same period in the previous year.

“In the recent weeks, we successfully completed two very important transactions for the future of DIA: the sale of DIA France to Carrefour and the acquisition of El Arbol in Spain, these transactions are perfectly in line with our strategy of concentrating our efforts in markets where we can generate the best returns. Both transactions are pending the final approval of antitrust authorities, and in the case of El Arbol, it will reinforce our position as leaders in price and proximity in our most important market. Despite deflation, the calendar effect and the adverse currency scenario, the company’s EBITDA reflected a solid pattern in Iberia and Emerging Markets”, declared Ricardo Currás, CEO of DIA Group.

Adjusted net profit in the first six months of the year amounted to EUR102.5m, up 5.3%. Net attributable profit jumped by 333% during the first half of the year to EUR211.3m due to the classification of the activities in France as interrupted due to the sale of this business.

As of the end of June, DIA had 6,598 stores thanks to 135 new openings, of which 95 are Clarel stores.