Dia Posts Solid Q313 Results On Emerging Markets Growth

News: Spain-based supermarket chain Dia's revenue increased 2.5% year-on-year (y-o-y) to EUR2.91bn (US$4bn) in Q313 ended September. The rise has been attributed to solid sales growth in emerging markets and the sale of its Turkish business. The company's net profit rose 4.5% y-o-y to EUR58.3mn (US$80.4mn) during the period, while its like-for-like sales grew 0.8% y-o-y. The company reported strong like-for-like sales growth of 14.7% y-o-y in emerging markets in Q313.

BMI View: Predicated on an economic recovery, over the five years to 2017, Spanish mass grocery retail companies are expected to continue the steady expansion of their retailing footprints, as well as the introduction of a broader range of non-food lines in hypermarkets and supermarkets. An improvement in the economic environment will see hypermarket and supermarket sectors return to growth.

Dia Posts Solid Q313 Results On Emerging Markets Growth

News: Spain-based supermarket chain Dia's revenue increased 2.5% year-on-year (y-o-y) to EUR2.91bn (US$4bn) in Q313 ended September. The rise has been attributed to solid sales growth in emerging markets and the sale of its Turkish business. The company's net profit rose 4.5% y-o-y to EUR58.3mn (US$80.4mn) during the period, while its like-for-like sales grew 0.8% y-o-y. The company reported strong like-for-like sales growth of 14.7% y-o-y in emerging markets in Q313.

BMI View: Predicated on an economic recovery, over the five years to 2017, Spanish mass grocery retail companies are expected to continue the steady expansion of their retailing footprints, as well as the introduction of a broader range of non-food lines in hypermarkets and supermarkets. An improvement in the economic environment will see hypermarket and supermarket sectors return to growth.

×

Enter your details to read the full article

By submitting this form you are acknowledging that you have read and understood our Privacy Policy.

×

REQUEST A DEMO

By submitting this form you are acknowledging that you have read and understood our Privacy Policy.

Thank you for your interest

A member of the team will be in touch shortly to arrange a convenient time for your free demonstration and trial. If your enquiry is urgent, please email our Client Services team here.