- DIA is focusing on turning some of its owned stores into franchises, reducing its costs and improving liquidity.
- DIA will be conducting a capital increase of up to €1.028B, converting €769M of debt into equity, the remaining €259M will come from minority shareholders.
- Following the news of the capital increase, its Standard & Poor's rating improved, changing the outlook from negative to stable.
- Extended maturity on its debt gives the company additional liquidity to return to profitability.
- Positive EBITDA in Q4 2020 and reduced losses in Q1 2021 are positive signs that the turnaround is underway.
For further details see:
DIA Is Starting To Turn Around, Wait For The Buy Signal