DIA Announces Audited Consolidated Earnings Results for the Fourth Quarter and Full Year 2017; Provides Earnings Guidance for the Year 2018
February 22, 2018 at 11:27 am EST
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DIA announced audited consolidated earnings results for the fourth quarter and full year 2017. For the quarter, the company reported net sales of EUR 2,160.4 million against EUR 2,255.0 million a year ago. Adjusted EBITDA was EUR 137.0 million against EUR 196.3 million a year ago. Adjusted EBIT was EUR 79.4 million against EUR 140.0 million a year ago. EBIT was EUR 62.5 million against EUR 113.0 million a year ago. Underlying net profit was EUR 50.3 million against EUR 103.4 million a year ago. Consolidated profit was EUR 27.8 million against EUR 103.4 million a year ago.
For the year, the company reported net sales of EUR 8,620.6 million against EUR 8,669.2 million a year ago. Adjusted EBITDA was EUR 568.6 million against EUR 627.9 million a year ago. Adjusted EBIT was EUR 336.6 million against EUR 401.2 million a year ago. EBIT was EUR 247.1 million against EUR 309.5 million a year ago. EBT was EUR 186.3 million against EUR 259.0 million a year ago. Net attributable profit was EUR 109.6 million against EUR 174.0 million a year ago. Underlying net profit was EUR 217.0 million against EUR 268.5 million a year ago. Capital expenditure was EUR 235.5 million against EUR 331.3 million a year ago. basic earnings per share was EUR 0.18 against EUR 0.28 a year ago. Underlying earnings per share was EUR 0.36 against EUR 0.44 a year ago. Cash from operations was EUR 207.0 million against EUR 235.4 million a year ago.
For the year 2018, the company expects continued cost-efficiency improvement in 2018, Double-digit growth of cash from operations, and Capex aligned with 3.5% to 4.0% over net sales long-term guidance, with growing weight of Emerging Markets.
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.