Delhaize Group 2012 results

Delhaize Group 2012 results 
BRUSSELS, BELGIUM -- (Marketwire) -- 03/07/13 --  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  EUR772 million at actual exchange
rates 
>> Proposed full year gross dividend of  EUR1.40 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 
Appointments 
>> 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 EUR500 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 growth." 
"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." 
Press release and
presentation in pdf format: http://hugin.info/133961/R/1683526/551016.pdf 
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Source: Delhaize Group via Thomson Reuters ONE 
[HUG#1683526] 
Contacts 
Investor Relations:
+32 2 412 21 51 
Media Relations:
+32 2 412 86 69
 
 
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