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DIA lifts store profitability from 35% to 97% after its restructuring

FinanceInternationalInterempresas Media35 s readAI summary
Image: Interempresas Media

DIA Spain CEO Ricardo Álvarez said at the 41st AECOC Gran Consumo Congress that the company has posted three consecutive profitable years and that the share of profitable stores rose from 35% to 97% since the start of its restructuring. DIA cut debt by 125 million euros over the past year and brought its leverage ratio to 0.6, below the initial target of 1. The company sees potential to open up to 1,000 more stores in Spain.

In 35 seconds

  • DIA's profitable stores rose from 35% to 97% after the business transformation
  • The company has posted three consecutive profitable years and cut 125 million euros of debt in the past year
  • Its leverage ratio stood at 0.6, below the initial target of 1
Read the full story at Interempresas Media

IASummary generated by artificial intelligence from a story by Interempresas Media. It may contain errors: the original source prevails.

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