DIA's net sales in the second quarter increased by 6.3% to 1.8 billion euros, while comparable sales increased by 15%, with all markets for the first time positive since the fourth quarter of 2016 .
The company explained that these results "reflect the progress made in the last year (…). The key elements of these results derive from the transformation initiatives carried out, such as the improvement of operations in the supply chain supply and stores that has facilitated the promotion of the supply of fresh, while the expansion of online sales has reached double the number of sales compared to the first quarter, "said Stephan DuCharme, CEO of the company.
"The combination of these enhanced capabilities together with the attractiveness of our proximity offering has made DIA be and has remained the trusted provider as confinement restrictions are eased in the markets in which the Group operates" DuCharme added.
The CEO of DIA added that "with 10% levels of Like-for-Like at Group level during June after months marked by exceptional levels reached during the confinement, from DIA we expect the accelerated deployment of the main initiatives of transformation, including assortment optimization, has a positive impact that is reflected in the future. "
BY GEOGRAPHICAL AREAS
In Spain, net sales increased 15.9% in the second quarter and comparable sales, 20%. The company has said that in our country the positive trend started in the first quarter continues, once the confinement restrictions have been reduced.
In Portugal, net sales increased by 8.3% and comparable sales by 9.2%. DIA explained that the comparable sales results are based on the implemented local transformation measures.
In Brazil, net sales fell 10.3% in the second quarter due to the currency effect, while comparable sales rose 14.7%.
In Argentina, net sales fell 16.4% in the second quarter due to the currency effect (33% devaluation of the Argentine peso) and comparable sales rose 4%.
Sales in the first half of the group as a whole have improved by 2.1%, to 3,515 million from 3,444 million. Comparable sales are up 8.7%.
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