DIA CorporateIn the news

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.