DIA cements its position in the IBEX-35
2012 was DIA’s first full year as a listed company. Last year, DIA emerged as one of the best-performing stocks in the market, gaining over 39%.
DIA’s share capital is represented by 679,336,000 shares with a unit par value of €0.10. At 31 December 2012, the free-float stood at 87.6% and the company’s market capitalisation was €3.27 billion.
The biggest milestone on the equity market front was the stock’s inclusion in Spain’s benchmark index, the IBEX 35, on 2 January 2012. Barely six months after the IPO, DIA accordingly found itself trading alongside Spain’s leading blue chips.
Between 5 July 2011, when DIA’s shares were listed on the Madrid stock exchange, and the end of 2012, DIA’s share price gained 37%, making it the best-performing Spanish consumer goods stock over this time horizon.
DIA was added to the IBEX 35 in 2012, so that it currently trades alongside Spain’s leading blue chips
The share price registered a high for the year of €4.93 on 21 December, having hit a low of €3.35 on 23 April. The share price ended 2012 at €4.81, implying an annual gain of 39%, significantly outperforming the IBEX 35 and Bloomberg Food Retail indices, which corrected by 4.7% and 7.4%, respectively. Daily trading volumes averaged 5.45 million shares last share, making DIA one of the 10 most liquid stocks on the continuous Spanish stock market.
On 13 June 2012, the company’s shareholders approved the payment of an interim dividend from 2011 profits of €0.11 per share, which was paid out on 16 July 2012. The company also approved and carried out a number of share buyback initiatives as a result of which treasury shares accounted for 3% of share capital at year-end 2012.
DIA has a three-person IR department devoted to fostering dialogue between the company and its equity stakeholders. In 2012 the IT department carried out over 1,000 actions to this end (including in-person meetings and conference calls with analysts and investors). It coordinated the disclosure to the market of the company’s interim financial information and organised the group’s first Investor Day.
The Investor Day took place in Madrid on 31 October 2012 and was attended by 120 participants who came from all over the world, along with another 300 which connected up by webcast of phone. Eight DIA executives participated in the event, including Ricardo Currás, the company’s CEO, and Amando Sánchez Falcón, executive director of corporate affairs; between them they gave their audience an overview of the company’s most important aspects and developments, as well as its plans for the months ahead. The event included a site tour which enabled attendees to get to know DIA’s business model and its various sales concepts first hand.