Report
Javier Hombria
EUR 5.00 For Business Accounts Only

DIA: 9M18 results. Unstable ground (Bankinter Securities)

DIA has just released its 3Q18 results, which came worse than expected compared to Factset consensus: net revenues -21% to €1,694mn (vs. €1,954mn) and EBITDA -39% to €55.4mn (vs. €69mn). €27mn of the EBITDA decline came from the application of the IAS 29 regulation in Argentina. The IAS 29 applies when an entity's functional currency is that of a hyperinflationary economy.

Underlying
Distribuidora Internacional de Alimentacion SA

Distribuidora Internacional De Alimentacion is a supermarket and convenience store group based in Spain. Co. is engaged in the retail trade of food through cut-price self-service supermarkets and franchise establishments. Co. is engaged in the operation of stores located in Spain, France, Portugal, Turkey, Argentina, Brazil and China.

Provider
Bankinter S.A.
Bankinter S.A.

Bankinter S.A. is a Spanish brokerage firm established in 1989. The company's line of business includes the provision of market research and trading services for Equity and Fixed Income products.

Analysts
Javier Hombria

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