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DIA (BME: DIA) 1Q17 Results: Strong Performance in Emerging Markets Lifts Sales

Executive Summary

  • DIA reported 1Q17 net sales of €2,096.0 million, slightly below the consensus estimate of €2,161.8 million and up by 6.2% as reported (up 2.2% excluding currency effects). Strong performance in emerging markets drove sales.
  • The adjusted EBITDA margin softened by 11 basis points and net profit fell by 9.8% as reported (down 10.1% at constant currency).
  • DIA reaffirmed its targets for FY17.

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