Ricardo Álvarez (Dia): "Tras la transformación, el 97% de nuestras tiendas ya son rentables"
La compañía, que busca abrir 300 establecimientos hasta 2029, encara la refinanciación de su deuda en 2027. Leer
Ricardo Álvarez, CEO of Dia, revealed that after a comprehensive transformation, 97% of their stores are now profitable. The company aims to open 300 new outlets by 2029 and is refinancing its debt in 2027. Dia's transformation, initiated in 2019 when LetterOne became its majority shareholder, has placed the company in a position to achieve consistent earnings.
With over 3,100 stores in 2019, the company now operates with just 2,300 to implement the new model. The CEO explained that they have undertaken a significant remodeling process, with renovations in 2021, 2022, 2023, and 2024. Dia has doubled its average sales per store while moving from a negative EBITDA to a profit of €290 million in 2025.
The company is also focusing on logistics, with plans to build three new warehouses to increase efficiency, while addressing inefficiencies in its current facilities. The goal is to reduce debt below 1, with the company currently sitting at 0.6 times EBITDA.
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