NEGOCIO – TAGS | Strong group Like-for-Like performance in January and February, continuing trends set in previous year, with full quarter comparison affected by Covid-19 stockpiling buying across all markets in March 2020 Group Net Sales impacted by fewer stores and currency effect in Brazil and Argentina, with resilient local currency comparative performances Group Net…
NEGOCIO – TAGS | DIA to equitize €269 million of Notes with maturity in April 2023, in addition to conversion of €500 million of debt into equity announced last November. €259 million in cash for minority shareholders to participate in capital increase. Transaction, which can reach up to €1,028 million, improves Group’s capital structure agreed…
NEGOCIO – TAGS | Multi-year business transformation on track, driven by empowered country leadership and strategic corporate centre. 2020 business performance propelled by new commercial offer, rollout of updated franchise model, online expansion and operational improvements. Positive cashflow from operations and stable trade working capital support solid liquidity position. Agreement with syndicated lenders, bondholders and…
JANUARY 22, 2021 NEGOCIO – TAGS | The service makes paying online easier and aims to improve the customer experience. By adding Bizum to its payment methods, DIA takes another step towards digital transformation. The supermarket chain joins forces with Banco Santander to offer this payment method for online purchases. Madrid, 22 January 2021. DIA…
NEGOCIO – TAGS | Consistent positive Group Like-for-Like maintained, reflecting sustained improvement in commercial offer and operational performance. More than 23 per cent increase in average basket size across all markets, more than offsetting 13 per cent fewer tickets. Strong performance in Spain through continued emphasis on fresh assortment, positive customer take-up of new store…
NEGOCIO – TAGS | Long-term financing and capital structure solution agreed with 100 per cent of syndicated lenders and underpinned by significant support from reference shareholder LetterOne Forty per cent reduction in leverage, refinancing risk eliminated and no material debt maturities for five years Conversion of €500 million of debt into equity; €902 million syndicated…
NEGOCIO – TAGS | Continued positive topline and Adjusted EBITDA performance supported by ongoing groupwide business transformation delivering over 25 per cent growth in average basket size Improved financial position with ample liquidity, trade working capital inflows, positive cash flowgeneration and reduced net debt. Rollout of updated and mutually beneficial franchise model well advanced in…
NEGOCIO – TAGS | Positive Group Net Sales and Like-for-Like growth maintained, driven by Spain and Brazil performance, with increased average basket size thanks to business transformation. Spain and Portugal continue positive performance with benefits from enhanced fresh offer and updated franchise model. Brazil and Argentina deliver strong local currency Net Sales performance on continued…
NEGOCIO – TAGS | Total Net Sales stable despite 11.7% fewer stores and adverse currency effect in Brazil Underlying Like-for-Like growth in Spain and Portugal ahead of COVID-19 outbreak thanks to ongoing business transformation Response to COVID-19 situation focused on providing continued support for team members, communities and customers DIA Group, (“DIA” or “The Group”)…
NEGOCIO – TAGS | Fifteen per cent Like-for-Like growth with all markets positive for first time since Q4 2016. Six per cent Group Net Sales increase from smaller store network and in the face of Brazilian and Argentinian currency effects. Growth in e-commerce following proactive push – online offer now active in all markets DIA…
NEGOCIO – TAGS | Stable Q1 performance – early positive top line results, supported by continued cost discipline and strengthened financial foundations. Effective response to COVID-19 crisis: focus on protecting employees, customers and communities; stores open and well-stocked; supply chain operating smoothly DIA Group, (“DIA” or “The Group”) an international distributor of food and household…
NEGOCIO – TAGS | The Company achieved positive Adjusted EBITDA of EUR34,1m excluding one-offs. The new leadership team has carried out crucial and significant groundwork to turn-around the business in all markets. 87 new management professionals have joined DIA across its 4 markets, providing additional proven retail expertise and capabilities locally. “To fully recognize the…