DIA Group posts gross sales under banner in H1 2015 of EUR5.114bn, up 14%

In the first half of 2015, DIA Group posted gross sales under banner of EUR5.114bn, which implies an increase of 14% in local currency and 15.3% in euros versus the same period in the previous year. In Argentina, Brazil and China, despite tougher conditions, gross sales under banner reached EUR1.880bn, up 22.7% in local currency.

In Spain, gross sales under banner posted a positive performance, up 12.6% to EUR2.834bn.

“The first half of 2015 has been again very successful for DIA, with sales and adjusted EBITDA growing by over 15% and 8% respectively. In the period, adjusted EBITDA increased by 28.8% in Emerging Markets, while Iberia improved by 5.5% despite the integration process being carried out with the El Árbol and Eroski stores in Spain”, declared Ricardo Currás, CEO of the DIA Group.

Adjusted net profit in euros remained unchanged at EUR101m due to the increase in non-recurring items that include the costs related to the transformation and integration of El Árbol and La Plaza de Dia. Net attributed profit fell by 69% to EUR63.4m due to the absence of extraordinaries (positive effect in the first half of 2014 due to the sale of DIA France). Adjusted EBITDA increased by 8.3% in local currency to EUR266m.

At the end of the first half of 2015, DIA was operating 7,407 stores, up 809 versus a year ago.