DIA Distribuidora Internacional de Alimentacion : posts gross sales under banner of EUR10.3bn, up 1.5% versus the previous year
February 22, 2018 at 02:27 am EST
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In 2017, the DIA Group posted gross sales under banner of EUR10.3bn, up 1.5% in local currency versus 2016. The 10.8% sales growth in emerging countries was offset by a 3.3% fall in Iberia, where in the last quarter of the year the company generated positive comparable sales thanks to its price-cutting policy. Moreover, in Argentina and Brazil, the company has continued to capture market share, reaching 14.1% and 7.8% respectively, reaching adjusted EBITDA growth of 21.4% in local currency, amounting to EUR142.3m. The group's comparable sales rose by 3.4% in 2017, with Iberia up by 0.3%.
In Q4 2017, comparable sales improved both in Iberia and in Emerging Countries, with respective rates of 1.1% and 8.6%. Last year, in Spain and Portugal, 613 stores were remodeled, offering its clients new options such as a roast chicken point of sale and fresh orange juice machines. Specifically, in Spain, these two new options have been introduced in 445 and 320 stores respectively. In 2018, more than 1,000 stores are due to be remodeled, offering new services and solutions, which represents a good growth base for this year.
DIA - Distribuidora Internacional de Alimentación SA published this content on 22 February 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 22 February 2018 07:26:03 UTC.
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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. 
