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 accumulating losses, despite the improvements that its results have shown throughout 2024. But, for next year, the forecasts of the investment show a turning point for the firm, since experts They expect Dia to return to net profits for the first time since 2017.
The analyst consensus collected by FactSet The expected profits for the supermarket have increased by 222% since the beginning of the yearnow trusting that he wins 71.5 million euros for the entire fiscal year 2025compared to January, when the estimate was 19.5 million euros.
By 2026, analysts expect that they will continue along this line of evolution, and that Profits reach 90 million eurosstill below the data of the company’s last positive profit, that of 2017. That year, Dia reported profits of 131 million euros, so it would need an advance of 45% to reach these levels. The last profit record that the firm obtained was in 2015when he obtained 301 million.
Dia managed to meet the objective of “its business transformation and simplification process”, after concluding the sale of its businesses in Brazil, Portugal, and its cosmetic products subsidiary, Clarel, to focus on what it considers its two main markets. : Spain and Argentina. The departure from Brazil was not so simple either, The process caused the group to record net losses of 93 million euros in the first half of the year.; Without it the profit would have been 16 million.
In the latest accounts presented at the end of October, the group defined Argentina as “a complex macroeconomic context”, where “Dia continues to gain market share in the last quarter, thanks to a unique omnichannel value proposition in proximity and the strength of the brand in the country”. While in Spain, thanks to the “low food inflation environment experienced during the third quarter, Dia has been capable of boosting your sales thanks to volume growth. These results, above the market, have allowed Dia to gain market share on a comparable basis during recent quarters,” he highlighted.
Renta 4 analyst Pablo Fernández assesses that Dia “continues to show solid performance in Spain and Argentina after the end of the turn aroundlinking two and a half consecutive years of growth in comparable sales in Spain and gaining market share in 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 bag
The price of the supermarket chain has been greatly affected on the stock market since 2018. Currently, Dia is worth 0.012 euros per share on the stock market, and this year it is advancing just over 3%.
The five analysts included in Bloomberg expect that In the coming months, it will increase by more than 80% by valuing it at 0.0217 euros on average; All of them recommend buying, except for Bestinver Securities and CaixaBank BPI, the latter firm now keeping it “under review.” In the case of the JB Capital analyst, Joao Pinto, he is the most optimistic, since he sees a potential above the consensus, of 150% for the future, placing his target price at 0.03 euros.
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