DIA shares soar after reporting 10% increase in Q1 net sales YoY

Distribuidora Internacional de Alimentacion SA

27/04/2023 12:05

** DIA  DIDA.MC  shares rise around 12%, in heavy volume,
after it reported a 10% increase in Q1 net sales compared to one
year ago
    ** "These are promising results for the company which has
been working hard to regain its market position after a
difficult period", IG analyst Sergio Avila said
    ** "DIA seems to be on a good track and its performance is
expected to continue to improve in the future", Avila added
    ** However, he points out that despite these positive
results the Clarel deal is still pending antitrust approval and
is expected to be received during 2023
    ** About 73.4 million shares of the company have traded so
far today, representing 447.9% of their 30-day moving average
full-day volume of 16.4 million shares
    ** Including today's rise, the stock has gained 22.83% YTD
    



 (Reporting by Matteo Allievi)
 ((Matteo.allievi@thomsonreuters.com))