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Spain’s DIA Posts ‘Weaker Than Expected’ H1 Sales

Published on Jul 26 2018 8:25 AM in Retail tagged: Featured Post / Spain / Portugal / Minipreço / Dia / Paywall

Spain’s DIA Posts ‘Weaker Than Expected’ H1 Sales

Spanish retailer DIA has posted a like-for-like sales decline of 0.4% in its core Iberia operations in the first half of its financial year, with the group reporting gross sales of €4.6 billion for the period.

This is 1.4% higher ex-currency, or 1.8% higher in like-for-like terms.

Commenting on its performance, chief executive Ricardo Currás said that the six month period was the “toughest period for the group since its listing”, noting that like-for-like sales were “weaker than expected” and margins were impacted by the termination of purchasing alliances.

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