The Dia chain has reported improved results for its fiscal first quarter, but continued to be hurt by currency fluctuations in international markets.
For the quarter, sales were down 5% to €2bn, but they grew by 9% on a constant-currency basis. Adjusted EBITDA was down 1.2% to €117m.
The group said results in its home market and in Portugal were stronger, but revenues were hurt by the early Easter. However, CEO Ricardo Curras added: “Dia has started the year on a very good footing”.