Spanish retailer DIA has reported progress in gross sales and revenue in its monetary yr 2024, pushed by strong efficiency in its residence market.
DIA España reported a 5.6% improve in comparable gross sales on a like-for-like foundation, outperforming the marketplace for the third consecutive yr.
Adjusted EBITDA within the enterprise unit elevated by 37% to €265 million, whereas the margin elevated by 1.4 share factors to six.2%.
In Argentina, the retailer achieved constructive adjusted EBITDA and money stream within the context of a pointy decline in consumption that hampered product sales.
Good expense administration allowed the corporate to take care of its revenue margin at round 2%, the retailer added.
Group Outcomes
General, Grupo DIA reported internet revenue of €28 million within the monetary yr as Spain drove progress.
The retail group’s adjusted EBITDA noticed double-digit progress of 15% to €292 million, whereas the adjusted EBITDA margin stood at 5%.
The corporate additionally noticed enchancment in money era with working money stream amounting to €203 million, in 2024 – €58 million greater than in 2023.
Martín Tolcachir, world CEO of Grupo DIA, added, “The 2024 outcomes verify the success of our transformation and simplification, consolidating our distinctive omnichannel worth proposition in proximity.
“Spain has been the engine of this progress, and Argentina has proven extraordinary resilience in a difficult yr marked by falling consumption.”
Outlook 2025
DIA hopes to speed up progress and enhance enterprise efficiency in its monetary yr 2025.
It can proceed to deal with natural progress in Spain and begin its retailer growth plan.
It can additionally discover natural and inorganic strategic alternate options that can assist DIA’s growth and creation of long-term worth.
In Argentina, the retailer will proceed to assist households whereas defending the profitability and money stream of the enterprise.
Tolcachir added, “Now we have two platforms with glorious efficiency and nice progress potential. Pleased with what we have now achieved, we’ll proceed to look forward by beginning a brand new stage of progress acceleration.
“We’re dedicated to taking DIA to the following stage, producing worth for our prospects, franchisees, shareholders, and the communities of which we’re an element.”
