Supermarket chain DIA improves turnover in Spain, Brazil, Argentina

Distribuidora Internacional de Alimentación DIA reported on Monday it had registered gross sales under banner of €8.372,7 billion in the period from January to September 2012. This is a 6.9% increase at constant currency versus the first nine months of the previous year.

In the third quarter of the year, turnover grew by 7% compared to the same quarter in 2011. Underlying net profit in the first nine months of the year amounted to €115.4 million, implying a 27.6% increase.

The strength of the Spanish market, with a 5.7% rise in gross sales under banner to €3.653 billion, together with a 23.7% improvement in sales in emerging countries, would back up DIA’s growth and profitability forecasts for the end of the year, the company said in a press release.

“Our commitment to dynamic growth in emerging countries is increasingly clear. Also, we continue to focus on developing proximity, especially in Iberia. We want to continue to grow with complementary formats to be ever-closer to consumers,” explained Ricardo Currás, CEO of DIA.

As of 31 September 2012, DIA had 6,982 stores in the seven countries in which it operates, 373 stores more than a year ago.

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