Spain · Delayed Price · Currency is EUR Distribuidora Internacional de Alimentación Earnings Call Transcripts
Fiscal Year 2026
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First half 2026 saw strong growth in Spain, with double-digit sales increases, margin expansion, and accelerated store openings, while Argentina stabilized despite currency headwinds. Strategic initiatives, disciplined capital allocation, and digital focus underpin continued profitable growth.
Fiscal Year 2025
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Strong sales and margin expansion in Spain drove robust group results, with net income and free cash flow more than doubling. Argentina stabilized, and both segments are positioned for further growth in 2026, supported by accelerated expansion and disciplined capital allocation.
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First half 2025 saw robust growth in Spain, with strong profitability, cash flow, and debt reduction, while Argentina showed resilience amid macroeconomic challenges. Strategic expansion, digitalization, and governance improvements support long-term growth and sustainability.
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The transformation established profitable Spain and Argentina platforms, with Spain set to lead the next growth phase through store expansion, higher sales density and logistics savings. Investment and digital customer initiatives underpin the five-year plan.
Fiscal Year 2024
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2024 saw a successful turnaround, with Spain and Argentina as core markets, strong sales growth, improved profitability, and reduced debt. Spain outperformed the market in like-for-like sales and customer satisfaction, while Argentina gained market share despite economic headwinds.
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H1 continuing operations generated €15.6m net income, €88m cash and €327m net debt, down €92m YoY. Spain growth offset Argentina’s difficult conditions; the €107m Brazil exit loss drove a €93.5m total-group net loss.