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The Dia Group has closed the first half with losses of 418 million euros, 88.3% higher than in the same period of 2018, as reported by the supermarket company to the National Securities Market Commission (CNMV) .

The group closed, in that period, a total of 323 stores in Spain from 4,684 to 4,369 and at the same time opened eight new stores during the same period.

This process of closing establishments is part of the restructuring of the business that the Group is carrying out to address its delicate economic situation. In total, Dia had 4,369 stores in Spain as of June 30, 2019, of which 1,863 were franchises and 2,506 were own stores.

On a global level, at the end of June 2019 Dia operated a total of 6,809 stores, 629 less than at the end of the same period of the previous year, accumulating 34 new openings and 663 closures during the period, since the 323 stores closed in Spain 12 closed in Portugal, 31 in Argentina and 297 in Brazil. As for the openings, there was one in Portugal, two in Argentina and 23 in Brazil. Of the 6,809 stores, 3,190 are franchises and 3,619 are own stores.

In this sense, Dia made a conversion of franchises during these six months, transferred a total of 222 to own stores, of which 154 correspond to Spain, 11 to Portugal, five to Argentina and 52 to Brazil.

On the other hand, the company has launched a process of collective dismissal at the subsidiary Grupo El Tree Supermarkets and Distribution, mainly linked to the planned cessation of the activity of the Max Discount stores and that could affect a maximum of 210 people .

According to Dia, this Monday, this business restructuring process has influenced the negative result harvested in the first half of the year. In this regard, the company explained that the provision of 43.6 million euros accrued by the estimated total costs in relation to the collective dismissal process approved in Spain and layoffs greatly influenced the provision of restructuring costs. in other countries.

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