Delhaize Group Issues Preliminary First Quarter 2013 Results and Postpones Capital Markets Day

Delhaize Group Issues Preliminary First Quarter 2013 Results and Postpones 
Capital Markets Day 
BRUSSELS, BELGIUM -- (Marketwired) -- 04/22/13 --  Delhaize Group
(Euronext Brussels: DELB, NYSE: DEG), the Belgian international food
retailer, announces preliminary unaudited figures for the first
quarter of 2013 and its decision to postpone its Capital Markets Day. 
>> First Quarter 2013 Results (based on preliminary unaudited
figures) 
In the first quarter of 2013, Delhaize Group's revenues were EUR5.5
billion, an increase of 2.1% and 1.5% at identical and actual
exchange rates, respectively.
Organic revenue growth (excluding
revenues from the 126 stores and 45 stores
closed in the U.S. in Q1
2012 and Q1 2013 respectively) was 3.8%. In the U.S.,
comparable
store sales growth was 1.9% (3.0% including a +1.1% calendar
impact),
fueled by favorable weather conditions and continued good
volume trends in the
Food Lion repositioned stores and at Hannaford.
This was partly offset by deflation which was however at a lower
level than the previous quarter. In Belgium, comparable store sales
growth was 2.4% (0.6% including a -1.8% calendar
impact) as a result
of inflation and improved volume trends. In Southeastern
Europe,
revenues grew by 6.8% at identical exchange rates due to store
openings,
while consumer spending is under pressure in the region. 
Underlying operating profit was EUR214 million, a 13.7% increase
compared to the first quarter of 2012 at identical exchange rates
(+13.0% at actual exchange
rates) resulting in an underlying
operating margin of 3.9% (3.5% in Q1 last year). In the U.S.,
underlying operating margin was 4.2% (3.7% in Q1 last year)
as a
result of positive sales leverage supported by the favorable calendar
impact, non-performing store closures, cost reductions and Bottom
Dollar Food's
significantly improved results. This was partly offset
by continued price investments. In Belgium, underlying operating
margin was 5.1% (4.6% in Q1 last
year), mostly driven by cost control
and positive sales leverage. In Southeastern Europe, underlying
operating margin decreased to 1.4% (2.0% last
year), mostly driven by
price investments. 
Underlying EBITDA of EUR369 million represented a 7.1% increase
compared to the
first quarter of 2012 at identical exchange rates
(+6.4% at actual exchange rates). 
Free cash flow reached EUR255 million (EUR87 million in Q1 2012) due
to higher
EBITDA, working capital improvements and continued capital
discipline. 
Full first quarter results will be disclosed on May 8, 2013 as
initially scheduled, including a normally scheduled conference call
with management. 
>> 2013 Outlook 
As a consequence of our continued focus on our strategic priorities,
Delhaize
Group expects underlying operating profit of approximately
EUR775 million for the full year 2013 at identical exchange rates. 
>> Postponement of Capital Markets Day 
Delhaize Group announces the decision to postpone its Capital Markets
Day, previously scheduled for May 8, 2013, until later in the year.
This will allow
the Company to provide a more comprehensive update on
its business and long-term
strategy. 
>> Delhaize Group 
Delhaize Group is a Belgian international food retailer present in
ten countries
on  three  continents.  At  the  end  of  2012, Delhaize
 Group's  sales network
consisted  of 3 451 stores. In 2012, Delhaize
 Group posted EUR22.6 billion ($29.0
billion)  in  revenues  and 
EUR104  million  ($134  million) in net profit (Group
share).  At 
the  end  of  2012, Delhaize  Group employed approximately 158
000
people.  Delhaize Group's stock  is listed on  NYSE Euronext
Brussels (DELB) and the New York Stock Exchange (DEG). 
This  press release is available in English, French and Dutch. You
can also find
it  on  the  website  http://www.delhaizegroup.com. 
Questions  can  be sent to investor@delhaizegroup.com. 
Press release in pdf format:
http://hugin.info/133961/R/1694636/557386.pdf 
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants
that: 
(i) the releases contained herein are protected by copyright and    
other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and     
originality of the information contained therein. 
Source: Delhaize Group via Thomson Reuters ONE 
[HUG#1694636] 
Contacts 
Investor Relations:
+32 2 412 21 51
Media Relations:
+32 2 412 86 69
 
 
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