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Distribuidora Internacional de Alimentacion SA (DIDA.MC)

DIDA.MC on Madrid SE C.A.T.S.

0.64EUR
15 Feb 2019
Change (% chg)

€-0.01 (-1.38%)
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€0.65
Open
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€0.66
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€0.64
Volume
11,227,131
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€0.33

Latest Key Developments (Source: Significant Developments)

DIA FY Adjusted EBITDA Down 32.3 Pct At 337.9 Mln Euros YoY
Friday, 8 Feb 2019 

Feb 8 (Reuters) - Distribuidora Internacional de Alimentacion SA ::IN 2018, GROSS SALES UNDER BANNER FELL BY 14.9% TO 9.39 BILLION EUROS (0.9% DOWN EX-CURRENCY).NET DEBT AMOUNTED TO 1.45 BILLION EUROS BY END-2018, WHICH COMPARES WITH 945 MILLION EUROS IN SAME PERIOD LAST YEAR.ACCORDING TO NEW DEFINITION OF LIKE-FOR-LIKE (LFL) (ADJUSTED BY INFLATION IN ARGENTINA, AMONG OTHERS), LFL WAS -3.6% IN 2018, VERSUS -4.9% IN 2017.NET DEBT TO ADJUSTED EBITDA RATIO AT 3.8X AT END-DECEMBER.FY ADJUSTED EBITDA 385 MILLION EUROS EXCLUDING IAS29 AND THE DISCONTINUATION OF CLAREL.BOARD APPROVED A REFINANCING PLAN THAT INCLUDES A 600 MILLION EURO CAPITAL INCREASE AND DIVESTMENT OF SOME NON-CORE ASSETS.FY ADJUSTED EBITDA 337.9 MILLION EUROS VERSUS 518.5 MILLION EUROS YEAR AGO.DISCONTINUATION OF 'CLAREL' AND 'MAX DESCUENTO' OPERATIONS IMPACT OF EUR 15.7 MILLION ON PROFITS AND EUR 38.0 MILLION DUE TO IMPAIRMENT OF ASSETS.  Full Article

DIA Sees Mid-Single Digit Top-Line Growth In 2020-2023
Friday, 8 Feb 2019 

Feb 8 (Reuters) - Distribuidora Internacional de Alimentacion SA ::SEES 2020-2023 MID-SINGLE DIGIT TOP-LINE GROWTH.SEES EBITDA UPTURN IN 2020 AND HEALTHY GROWTH THEREAFTER.SEES 2020-2023 CAPEX AT 3%-4%.SEES 2019 AS TRANSITION YEAR, TO SHARPEN COMMERCIAL MODEL, PRUDENTLY DEPLOY CAPEX.  Full Article

DIA To Initiate Collective Layoff Of Up To 2100 Employees
Friday, 8 Feb 2019 

Feb 8 (Reuters) - Distribuidora Internacional de Alimentacion SA ::COLLECTIVE LAYOFF LEGAL PROCEEDING SHOULD BE INITIATED FOR DIA AND TWINS CONTEMPLATING TERMINATION OF UP TO 2100 EMPLOYMENT CONTRACTS.STRATEGY COMMITTEE SET UP IN 2018 TO BE DISSOLVED AS IT COMPLETED ITS PURPOSE AND DESIGNED BUSINESS PLAN WHICH WILL BE PRESENTED TODAY.  Full Article

DIA FY Net Result Turns To Loss Of 352.6 Mln Euros YoY
Friday, 8 Feb 2019 

Feb 8 (Reuters) - Distribuidora Internacional de Alimentacion SA ::FY NET LOSS 352.6 MILLION EUROS VERSUS PROFIT 101.2 MILLION EUROS YEAR AGO.FY NET SALES 7.29 BILLION EUROS VERSUS 8.22 BILLION EUROS YEAR AGO.  Full Article

CEO of Spain's DIA says will not comment on LetterOne takeover bid
Friday, 8 Feb 2019 

Feb 8 (Reuters) - Distribuidora Internacional de Alimentacion SA CEO Borja de la Cierva::Says board will not take questions or comment on LetterOne takeover bid.  Full Article

Dia: Shareholders Owning 3.25 Pct Proceed To Signing Share Syndication Agreement
Thursday, 7 Feb 2019 

Feb 7 (Reuters) - Minority Shareholders::SHAREHOLDERS OWNING 3.25 PCT OF DIA SHARES SAY PROCEED TO SIGNING SHARE SYNDICATION AGREEMENT.  Full Article

Dia Grants Access To Additional Financing Of Up To 896 Mln Euros
Monday, 31 Dec 2018 

Dec 31 (Reuters) - Distribuidora Internacional de Alimentacion SA ::SAYS GRANTED ACCESS TO ADDITIONAL SHORT TERM FINANCING OF UP TO EUR 215 MILLION AND OF UP TO EUR 681 MILLION.FINANCING IS GRANTED TO MEET FINANCING NEEDS OF WORKING CAPITAL OF DIA GROUP.ADDITIONAL FINANCING IS AVAILABLE THROUGH WORKING CAPITAL FINANCIAL INSTRUMENTS.FINAL MATURITY DATE OF FINANCING IS MAY 31, 2019.DIA NOT TO DISTRIBUTE DIVIDENDS TO ITS SHAREHOLDERS WITHOUT CONSENT OF BANKING ENTITIES SUBSCRIBING FINANCING AGREEMENTS.  Full Article

DIA Closes In On Refinancing Deal, Appoints New CEO
Friday, 28 Dec 2018 

Dec 28 (Reuters) - Distribuidora Internacional de Alimentacion SA ::SAYS IS CLOSE TO REACHING REFINANCING DEAL AMOUNTING TO 200 MILLION EUROS.CONFIRMS ITS 2018 FY ESTIMATED ADJUSTED EBITDA WILL BE IN A RANGE OF EUR 350 AND EUR 400 MILLION.TO APPOINT DIRECTOR BORJA DE LA CIERVA ALVAREZ DE SOTOMAYOR AS NEW CHIEF EXECUTIVE OFFICER.CEO ANTONIO COTO TO STEP DOWN WITH EFFECT AS OF TODAY.SAYS ASSETS IMPAIRMENT TEST SHOWED NEED FOR GOODWILL IMPARIMENT AT 47 MILLION EUROS.SAYS ASSETS IMPAIRMENT TEST SHOWED NEED FOR TANGIBLE FIXED ASSETS IMPARIMENT AT 63 MILLION EUROS.SEES NEED FOR HELD-FOR-SALE CLAREL GOODWILL IMPAIRMENT AT 34 MILLION EUROS.  Full Article

DIA Considers Divestments, Capital Increase For Up To 600 Mln Euros
Wednesday, 12 Dec 2018 

Dec 12 (Reuters) - Distribuidora Internacional de Alimentacion SA ::CONSIDERS POSSIBILITY OF STRENGTHENING CAPITAL STRUCTURE BY MEANS OF A FUTURE CAPITAL INCREASE WITH PRE-EMPTIVE SUBSCRIPTION RIGHTS.SAYS ENTERED INTO STANDBY UNDERWRITING COMMITMENT WITH MORGAN STANLEY & CO. INTERNATIONAL PLC FOR 600 MILLION EUROS.SAYS CONSIDERS DIVESTMENT PLAN AS PART OF ITS STRATEGIC PLAN.DIVESTMENT PLAN WOULD AFFECT, IN PARTICULAR, CASH AND CARRY BUSINESS (MAX DESCUENTO) AND WOULD IMPLY DIFFERENT STRATEGIC OPTIONS FOR CLAREL, INCLUDING ITS SALE.  Full Article

DIA Says Is In Advanced Talks With Creditors To Refinance Co's Debt
Tuesday, 11 Dec 2018 

Dec 11 (Reuters) - Distribuidora Internacional de Alimentacion SA ::SAYS IS IN ADVANCED TALKS WITH BANKING ENTITIES TO REACH AGREEMENT TO REFINANCE CO'S DEBT.  Full Article

Deals of the day-Mergers and acquisitions

Feb 15 The following bids, mergers, acquisitions and disposals were reported by 2200 GMT on Friday: