Spain: 'Solid' Second-Quarter Performance' At Dia
Like-for-like sales growth stood at 1.3% for the second quarter, with sales growth of 18.1% in its emerging markets.
Dia recorded first half sales of €2.54 billion in Spain - making up 44.8% of total group sales - and French sales of €1.12 billion (19.8%). Dia's emerging countries recorded first half sales of €1.55 billion, making up 27.4% of total group sales.
The retailer opened 73 stores during the second quarter of 2013, bringing Dia's portfolio to 7,070 stores at end of the period of reporting. Dia made a capital expenditure of €83.6 million during the second quarter, for a total first half investment of €153.9 million.
Dia completed the disposal of its Turkish operations, Dia Sabinici, on 1 July 2013, selling the 60% stake for 77,831,515 Turkish Lira, which equates to €30.9 million.
Commenting on the results, Dia chief executive Ricardo Curras said, "Q2 2013 has been again a very challenging quarter for Dia, but we have been able to deliver a very solid performance."
"In Iberia, in a difficult consumer context, we continue to gain market share, reinforcing our competitive position and accelerating openings."
Source: www.esmmagazine.com
