SPAIN: Dia Q1 profits climb
- Net profit amounted to EUR14.2m (US$18.4m) from EUR4.1m
- EBITDA rises 14.6% to reach EUR113.5m
- Net sales climb 6% to EUR2.46bn
Spanish discount retailer Dia has recorded an increase in first-quarter profits, on the back of higher sales in Spain and an improvement in emerging countries.
Net profit for the three months to the end of March amounted to EUR14.2m (US$18.4m) compared to a net profit of EUR4.1m the same period last year. Dia attributed the increase to a "good business performance" in Spain, coupled with an "improvement" in emerging countries.
EBITDA rose 14.6% to reach EUR113.5m, while net sales climbed 6% to EUR2.46bn.
In Spain, gross sales reached EUR1.17bn, up 6.8%, while total sales in Argentina, Brazil, Turkey and China grew 25.2% to EUR802m.
"These results reveal the good job we are doing month after month in improving the efficiency of our business model, while implementing the most attractive and competitive commercial offer for our clients," said Dia CEO Ricardo Currás.
Click here to read the full earnings release.
- Analysis: Tyson's shrewd investment in Beyond Meat
- Price an underlying tension across European FMCG
- Thailand: convenience to continue to thrive
- Danone's Q3 sales - what the analysts say
- Interview: Some Foods on rise of low-FODMAP market
- Bel takes majority stake in MOM Group
- Mars launches Maltesers in the US
- Unilever in continuing price spat with Musgrave
- China milk powder arrests prompt Fonterra "review"
- Hochdorf expands in Africa with Pharmalys buy
- The Big 15: Strategies and Priorities of Top Packaged Food Players in Comparison
- Omega-3 in Food and Beverage:Time for a Reboot?
- Packaged Food: Quarterly Statement Q3 2016
- Global Food Packaging: Innovating for Greater Convenience and Quality Image
- Constellation Brands, Inc. (STZ) - Financial and Strategic SWOT Analysis Review