takeoverbid DIA

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.