The Company achieved positive Adjusted EBITDA of EUR34,1m excluding one-offs.
The new leadership team has carried out crucial and significant groundwork to turn-around the business in all markets.
87 new management professionals have joined DIA across its 4 markets, providing additional proven retail expertise and capabilities locally.
“To fully recognize the Company’s situation is the first step to changing it. We have started 2020 with significant and crucial groundwork done. Going forward, we are determined to build our own success story which will be based on a modern proximity offer, an attractive value proposition, freshness, operational excellence, a win-win franchise model and an outstanding own brand offer. DIA’s journey is today powered by very talented people with a unique local focus. We are fully committed to work on our transformation pillars to create the best customer experience. Our efforts have encompassed not only improvement and optimisation across all critical areas but, equally important, extending best practices throughout the Group coupled with comprehensive financial controls. DIA’s transformation process gathers strength every day”, stated Karl-Heinz Holland CEO of DIA Group.