Since 2018, Dia’s accounts have been marked by a negative net result. This year will be no different, and analysts expect the supermarket chain to continue racking up losses, despite the improvements its results have shown throughout 2024. But, for next year, the investment forecasts show a turning point for the company, as experts They expect Dia to return to net profit for the first time since 2017.
Analyst consensus collected by FactSet Supermarket’s expected profits have increased by 222% since the start of the yearnow confident he wins 71.5 million euros for the entire financial year 2025compared to January, where the estimate was 19.5 million euros.
By 2026, analysts expect this development to continue and Profits reach 90 million eurosstill below the data from the company’s last positive profit, that of 2017. That year, Dia declared a profit of 131 million euros, so it would need an advance of 45% to reach these levels. The company’s last profit record was in 2015.when he got 301 million.
Dia managed to achieve the objective of “its process of transformation and simplification of its activity”, after having concluded the sale of its activities in Brazil, Portugal and its cosmetics subsidiary, Clarel, to focus on this which it considers its two main markets: Spain and Spain. Argentina. Leaving Brazil wasn’t so easy either, This process led the group to record net losses of 93 million euros in the first half.; Without this, the profit would have been 16 million.
In the latest accounts presented at the end of October, the group defines Argentina as “a complex macroeconomic context”, where “Dia continues to gain market share in the last quarter, thanks to a unique omnichannel value proposition of proximity and the strength of the brand in the country. While in Spain, thanks to the “low food inflation context experienced during the third quarter, Dia was capable of boosting your sales through volume growth. These results, superior to the market, have enabled Dia to gain market share on a like-for-like basis in recent quarters,” he underlined.
Renta 4 analyst Pablo Fernández believes that Dia “continues to post strong performances in Spain and Argentina after the end of the turn aroundlinking two and a half consecutive years of comparable sales growth in Spain and market share gains in a comparable area in both countries, confirming the success of the business transformation, which we hope will continue to translate into better margins and profitability”.
Punished in the sack
The price of the supermarket chain has been strongly impacted on the stock market since 2018. Currently, Dia is worth 0.012 euros per share on the stock market, and this year it is increasing by a little more than 3%.
The five analysts included in Bloomberg expect that In the coming months, it will increase by more than 80%, valuing it at 0.0217 euros on average; All recommend buying, with the exception of Bestinver Securities and CaixaBank BPI, the latter company now keeping it “under watch”. In the case of JB Capital analyst Joao Pinto, he is the most optimistic, since he sees potential above consensus, by 150% for the future, placing his price target at 0.03 euros.
