DIA Group generated an adjusted EBITDA of EUR118.4m in the first quarter of the year, up 7.9%
May 13, 2015
Gross sales under banner reached EUR2.497bn, up 15% in local currency.
Underlying net profit slid by 3% to EUR39m.
Sales in Spain grew by 12.5% to EUR1.375m.
In the first quarter of the year, DIA Group posted gross sales under banner of EUR2.497bn, which implies 15% growth in local currency compared to the same period in the previous year. Once again, the emerging countries in which the company is present (Argentina, Brazil and China) have posted extraordinary sales growth of 25.8% in local currency, reaching EUR930.4m.
In Spain, sales performance was positive, with growth of 12.5% to EUR1.375bn.
“The integration of El Árbol is a success. It is now time to focus our efforts on the successful opening of the more than 140 stores acquired from Eroski. Everything is ready to go now: the teams, logistics and a brand-new supermarket banner: La Plaza de Dia. This promising set of results represents a good starting point for 2015. I am confident that with the hard work, commitment and effectiveness of our teams, we will continue to achieve good growth with sustainable profits throughout the year.” declared Ricardo Currás, CEO of DIA Group.
Underlying net profit in euros slid by 3% to EUR39m, mainly due to an increase in financial expenses in emerging markets. Underlying net profit grew by 163% to EUR27.2m due to the first quarter 2014 was penalised by DIA France. Adjusted EBITDA rose by 7.9% in local currency to EUR118.4m.
At the end of the first quarter, DIA operated 7,269 stores, of which 4,105 are own stores and 3,164 (41.4%) are franchises.
On 24 April, DIA’s AGM approved the distribution of a gross dividend of EUR0.18 per share on 16 July.
