Distribuidora Internacional de Alimentacion SA
MAD:DIA
Distribuidora Internacional de Alimentacion SA
Distribuidora Internacional de Alimentación SA engages in the wholesale and retail sale of food and other consumer products. The company is headquartered in Las Rozas De Madrid, Madrid. The company went IPO on 2011-07-05. The firm focuses on the retail sale of food products through owned or franchised self-service stores under the DIA brand name. Its brand names range includes DIA Market, Fresh by DIA, DIA Maxi, La Plaza de DIA, Max Descuento, Clarel, el Arbol, Cada DIA, Minipreco and Mais Perto, among others. The firm also retails personal care, health and household products, as well as wholesales furniture and related equipment to hospitality, catering and food industry. The firm operates in a number of countries, such as Spain, Portugal, Brazil and Argentina.
Distribuidora Internacional de Alimentación SA engages in the wholesale and retail sale of food and other consumer products. The company is headquartered in Las Rozas De Madrid, Madrid. The company went IPO on 2011-07-05. The firm focuses on the retail sale of food products through owned or franchised self-service stores under the DIA brand name. Its brand names range includes DIA Market, Fresh by DIA, DIA Maxi, La Plaza de DIA, Max Descuento, Clarel, el Arbol, Cada DIA, Minipreco and Mais Perto, among others. The firm also retails personal care, health and household products, as well as wholesales furniture and related equipment to hospitality, catering and food industry. The firm operates in a number of countries, such as Spain, Portugal, Brazil and Argentina.
Net Loss Reduction: DIA Group reduced its net losses by 29% in 2021 compared to 2020, supported by operational improvements and better financial results.
Store Transformation: The company accelerated its store transformation program, remodeling over 1,000 stores across Spain, Portugal, and Argentina, with strong positive customer response.
Franchise Model Expansion: DIA rolled out a new franchise model, now covering nearly the entire franchise network in Spain, Portugal, and Argentina, halting previous franchisee outflows.
Sales Dynamics: Net sales dropped 3.6% year-on-year due to a high 2020 base, currency devaluation in Brazil and Argentina, and network rationalization, but like-for-like sales are up 5% versus 2019.
Margin Improvement: Gross margin increased to 22.4% (up 60 bps), and adjusted EBITDA margin reached 1.9%, despite significant increases in energy costs and transformation-related expenses.
E-commerce Growth: Online sales now represent 2.3% of total net sales, with Spain seeing a 90% rise in online sales versus 2019.
Financial Stability: The company refinanced debt, reducing net financial debt by 68%, and ended 2021 with over €500 million in liquidity.
Guidance: A positive net result is not expected in 2022, but ongoing strategic transformation is intended to support future profitability.
