Delhaize Group : Delhaize Group 2012 results

                 Delhaize Group : Delhaize Group 2012 results

Financial Highlights 2012 (at identical exchange rates)
» Revenue growth of 2.9%; organic revenue growth of 2.1%
» 62% of the Food Lion brand repositioning completed
» Underlying operating profit decline of 17.5%
» Free cash flow generation of €772 million at actual exchange rates
» Proposed full year gross dividend of €1.40 per share
Financial Highlights Fourth Quarter 2012 (at identical exchange rates)
» Revenue growth of 0.3%; organic revenue growth of 2.5%
» Positive comparable store sales and volume growth at Food Lion
» Underlying operating margin of 3.6%; impacted by ongoing price investments
» Proposed appointment of Ms. Elizabeth Doherty as new independent Director

» CEO Comments
Pierre-Olivier Beckers, President and Chief Executive Officer of Delhaize
Group, commented: "As indicated in January, our financial results in 2012 were
within guidance. We are particularly pleased by our strong free cash flow
generation and we believe that we will generate an average of approximately
€500 million free cash flow per annum over 2013-2015."

"In 2013, we will  remain focused on accelerating  the progress at Food  Lion, 
revitalizing Delhaize Belgium  and driving growth  in Southeastern Europe.  We 
aim to  remain relevant  to our  customers, continuing  our sustainable  price 
policies and  accelerating  revenue  growth.  We  will  fund  this  through  a 
combination of disciplined capital allocation  and cost control. The  decision 
to decrease the  dividend this  year is a  clear example  of Delhaize  Group's 
commitment  to  maintaining  its  financial  strength  and  achieving  revenue 

"We remain  encouraged  by the  continuation  of several  positive  trends  we 
experienced during the fourth quarter of  2012, particularly in the U.S.  Over 
time, we believe that Delhaize Group has the ability to improve its  operating 
performance in all of its markets,  by staying focused on sustainable  revenue 
growth and strict cost management. We  are looking forward to provide  further 
updates on our strategic progress on May  8 at the occasion of our Q1  release 
and Capital Markets Day."

» Contacts

Investor Relations: +32 2 412 21 51
Media Relations: +32 2 412 86 69

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Source: Delhaize Group via Thomson Reuters ONE
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