Dia : Capital increase under way is not enough to give a degree of credibility to the recovery attempt in our view
>Widening of 9M 2019 losses (-€ 504m) – the bill could inflate to -€ 585m reported over the full year - Dia saw its net losses widen over 9M 2019 to -€ 504m vs -€ 45.8m over 9M 2018. For sales of € 5.1bn, down by 7.4% reported over 9M 2019, of which -3.5% at constant currency (cc), the group incurred a loss of € 39.7m at the adjusted EBITDA level (before IFRS 16) vs +€ 286m over 9M 2018. Part of these losses was the result of the strategy of the clean-up of the assets...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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