DIA Group ended 2011 with a turnover of more than EUR11bn
February 28, 2012
Net profit jumped by 150% versus 2010 to EUR94.4m, boosted by growth in emerging countries and the strength of the business in Spain.
Gross sales under banner reached EUR11.123bn in the last fiscal year.
The DIA Group’s board of directors proposes the payout of a gross dividend per share of EUR0.11
n an adverse economic context, the DIA Group closed the last fiscal year with gross sales under banner of EUR11.123bn, which represents a 4.7% increase at constant rates versus 2010.
The transformation of the stores to the new DIA Maxi and DIA Market formats and the expansion plans, both in own stores and franchises, has allowed the company to reach the targets it set. “We have managed to beat our targets in sales, adjusted EBITDA and stores. This shows the suitability of our strategy, and places us as a chain which is very close to the consumer, and which is flexible and has the best prices.”, says Ricardo Currás, CEO of the DIA Group.
Net profit reached EUR94.4m last year, 150.3% more, while adjusted EBITDA improved by 11% at constant rates, reaching EUR558.4m. The DIA Group ended 2011 with a network of 6,833 stores. In Spain, gross sales under banner grew by 1.7% to EUR4.666bn.
The Board of Directors proposed the payout of a gross dividend of EUR0.11 per share which must be approved at the DIA Group’s General Shareholder Meeting. This dividend represents a payout of 47%.
