DIA’s turnover rose by 6.9% in H1 2012, to EUR5.749bn

Between January and June this year, Distribuidora Internacional de Alimentación obtained gross sales under banner of EUR5.749bn, which represents a 6.9% increase at constant currency compared to the same period last year. In the second quarter of 2012, turnover grew by 5.5% to EUR2.929bn.

The sales and results performance was driven by the good business performance in Iberia and in countries such as Argentina and Brazil. It is especially worth highlighting the case of Spain, as despite a challenging economic context, gross sales under banner improved by 6% in the first half of the year, reaching EUR2.413bn.

“While conditions are volatile, DIA is steadily moving ahead. The daily work to develop our competitive advantages; proximity, efficiency, franchise and price image, are levers which are now, more than ever, helping to make us stronger versus our competitors. Making the most of the opportunities which arise in this situation, at the service of our customers, is the top priority for us”.”, declared Ricardo Currás, CEO of DIAGroup.

Adjusted net profit reached EUR61.7m, an 18.5% increase, while net attributable profit rose sevenfold, reaching EUR49.3m. The reason for this increase is the good performance of operating income and the significant reduction in non- recurring items for the transformation of stores to new formats, in addition to one-off costs such as those related to the IPO in the first half of last year.

At the end of June, the number of stores reached 6,923, 459 more than a year ago. DIA is very confident regarding its ability to achieve the financial targets that it set for the year as a whole.