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Dia : The increase in the share price provides a good opportunity to exit the stock

>2018 results: sharp deterioration in profitability in Spain/Portugal and balance sheet a cause for concern (negative shareholders’ equity and net debt/EBITDA at 4.3x) - Dia has published 2018 results that are in line with the profit warning issued on 15 October 2018. For an 11% drop in reported sales on to € 7.3bn (-3.6% l-f-l), adjusted EBITDA was € 338m (-32% organic) in line with our forecast of € 340m. This figure includes an IAS 29 cost of -€ 36.2m, linked to th...
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
Oddo BHF
Oddo BHF

​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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