date:Jul 29, 2014
nth.
Although there are rising doubts regarding the trading conditions in Iberia (less population as well as higher pressure on prices and the deflation scenario), our confidence in Dia Iberia remains underpinned thanks to its margin strength as well as its prospects of growth, Mirabaud analyst Gonzalo Sanz said in a note to clients.
Dia has sold its struggling Turkish and French businesses, focusing on countries such as Spain and Portugal where consumers have traded down over the last few yea