Dia reduces its half-year losses by 0.1%, to 104.7 million and increases its net sales by 8.5%

MADRID, 4 Ago. (EUROPA PRESS) -

Grupo Dia reduced its losses by 0.1% during the first half of this year, to 104.7 million euros, due to the improvement in the financial result due to the increase in income derived from the net monetary position in Argentina and an increase in financial income.

In the current "complex" economic environment, Dia has focused its efforts on managing adjusted Ebitda, which reached 51 million euros in the first half of the year and maintains the margin at 1.5%, despite the extra cost in energy and diesel.

Likewise, net sales grew by 8.5% compared to the first half of 2021, despite a 4.3% reduction in the number of stores, as reported by the company on Thursday, which highlighted the positive growth in Argentina, Brazil and Spain, with the weight of own brand and sales through franchises on the rise.

Likewise, the group increased like-for-like sales by 2.6% compared to the same period in 2021, highlighting the good performance experienced in the second quarter, with positive growth in all the markets in which the group operates .

Specifically, in Spain they increased by 0.3% with 3.9% fewer stores and with positive 'like-for-like' comparable sales of 2.4%, highlighting the strong recovery experienced in the second quarter of the year which reached levels of 6.6% compared to the first quarter of the year with a fall of 1.8% due to a complicated comparative base since the first twelve weeks of 2021 still had mobility restrictions due to the Covid-19 that favored the sale.