DIA Distribuidora Internacional de Alimentacion : In Q1, DIA Group posted gross sales under banner of EUR2.27bn, up 0.2%
May 10, 2018 at 02:28 am EDT
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Online sales reached EUR18m in the first quarter of the year in Spain, up by 48% compared to the same period last year.
'We achieved another quarter of positive LFL sales growth in Spain in Q1 2018, being more price-competitive than in the previous year. At the same time, we implemented an ambitious remodelling plan, upgrading 480 stores in Iberia, with very good results. The adjusted EBITDA margin in Spain was lower than in the previous year but recovered clearly following the sharp decline seen in the last quarter of 2017. Emerging Markets continued growing both in sales and adjusted EBITDA despite the negative impact of food deflation in Brazil. We expect a positive recovery trend in sales in Iberia for the coming quarters as we progress with our plans to upgrade stores, open new ones, and improve customer satisfaction, while Emerging Markets will contribute better LFL sales growth and more openings. Sales growth acceleration is our top priority, representing the best way to achieve our goals for 2018', declared Ricardo Currás, DIA Group CEO.
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DIA - Distribuidora Internacional de Alimentación SA published this content on 10 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 10 May 2018 06:27:07 UTC
Distribuidora Internacional de Alimentacion SA (DIA SA) is a Spain-based company primarily engaged in the operation of supermarket chains. The Company focuses on the retail sale of food products through owned or franchised self-service stores under the DIA brand name. Its brand names range includes DIA Market, Fresh by DIA, DIA Maxi, La Plaza de DIA, Max Descuento, Clarel, el Arbol, Cada DIA, Minipreco and Mais Perto, among others. The Company also retails personal care, health and household products, as well as wholesales furniture and related equipment to hospitality, catering and food industry. The Company operates in a number of countries, such as Spain, Portugal, Brazil and Argentina.
DISTRIBUIDORA INTERNACIONAL DE ALIMENTACIÓN, S.A. 
