DIA supermarket

DIA’s Brazilian subsidiary to undergo restructuring process owing to negative results

Link Securities| DIA (DIA) informed the National Securities Market Commission (CNMV) that, on 20 March 2024, as a consequence of the persistent negative results of DIA Brasil Sociedade Limitada, a wholly-owned subsidiary of the company, the request by Dia Brasil for a judicial recovery has been approved, a restructuring process under Brazilian law with the aim of trying to overcome its current economic and financial situation. The request for judicial…

DIA supermarkets

DIA closes 60% of shops in Brazil due to persistent negative results, focus now on more profitable São Paulo area

Renta 4| According to a Relevant Fact issued in the Spanish National Securities Market Commission (CNMV) and a letter from its CEO, Martín Tolcachir, DIA has announced the closure of 343 of its 590 shops in Brazil, in addition to three warehouses. The Company takes the decision as part of the strategic review of the business in the country, already announced at its results conference on 29 February, and as…

DIA supermarkets

DIA makes profit in Spain for the first time in six years: €6.3 million

Norbolsa | DIA achieves profits in Spain for the first time in six years. The company presented its first-half results with a net profit of €6.3 million, compared to the almost €55 million it lost in the first half of 2022. This is mainly due to the transformation process that the company is carrying out where one of the strategies is to reduce the commercial network, since 2018 they have…

DIA approves a salary increase for its 16,000 employees

DIA Approves A Salary Increase For Its 16,000 Employees

The supermarket chain DIA and the unions representing their staff have just signed the new collective bargaining agreement for the period January 1, 2019 to December 31, 2021. This includes salary increases for the company’s 16,000 employees.Under the terms of the new agreement, modules A and B have been combined into one. This will have a salary of 13,700 euros for 2020 and 14,000 euros for 2021.

DIA approves a salary increase for its 16,000 employees

DIA loses -144.4 M€ Q119, showing deterioration in fundamental position of its business

Bankinter | DIA´s Q119 results show a very negative evolution in its business. The following stand out: income 1.6646 Bn € (-7.2%), EBITDA 12.4 M€ (-77.7%), EBIT -119.9 M€ (vs -6.1 M€ in Q118) and losses of -144.4 M€ (vs -16.2 M€ in Q118). On 26 April DIA had already published an advance of the preliminary results for Q119. It anticipated sales of 1.615/1.715 M€ vs 1.793 M€, an EBIT of -115/-125 M€ and net annual profits of -140/-150 M€.


Letterone launches a bid for DIA at 0.67 €/share: shares rise 60%

LetterOne proposes changes in the bid conditions for DIA

Renta4 | LetterOne has communicated to the regulator (CNMV) that it will further extend the acceptance period for its bid to 6 May inclusive (compared to 30 April before, and the 23 April originally established) after the company made public and advance of its Q119 results last week which continue to show a significant operational deterioration.

DIA supermarkets

DIA Supermarkets, In The Middle Of The Process Of Repositioning Of Their Business Model

The supermarket chain DIA has announced the new configuration of its Executive Committee. This will include a Director of Transformation, will seek to redesign the business model, simplifying the processes and increasing efficiency. However, there remains uncertainty about the success of this repositioning because of the very aggressive competitive environment.

DIA suffers 70% fall in sales so far this year

DIA Suffers 70% Fall In Sales So Far This Year: Take-Over More Likely After Profit Warning

The Board of the supermarket chain DIA has issued a profit warning because of the fall in the volume of sales and the increase in operating costs, which has caused it to revise its estimation of Ebitda for 2018 to between 350-400 million euros. This reduction of the forecast for 2018 does not include the potential impact of hyperinflation in Argentina, a country which accounts for 15% of sales.