Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,501.65 0.00 0.00%
S&P 500 1,878.61 3.22 0.17%
NASDAQ 4,148.34 21.37 0.52%
Ticker Volume Price Price Delta
STOXX 50 3,189.81 13.84 0.44%
FTSE 100 6,703.00 28.26 0.42%
DAX 9,548.68 4.49 0.05%
Ticker Volume Price Price Delta
NIKKEI 14,404.99 -141.28 -0.97%
TOPIX 1,164.90 -8.91 -0.76%
HANG SENG 22,562.80 53.16 0.24%

Delhaize Group Second Quarter 2013 Results


Delhaize Group Second Quarter 2013 Results

BRUSSELS, BELGIUM -- (Marketwired) -- 08/08/13 -- Delhaize Group (EURONEXT BRUSSELS: DELB) (EURONEXT BRUSSELS: DELB.BR) (NYSE: DEG)


 
 
-----------------------------------------------------------------------
---
 Financial Summary Second Quarter 2013
--------------------------------------------------------------------------
 >> Revenue growth of 1.7% at identical exchange rates (1.9% organic
growth)
 
 >> Comparable store sales growth of 1.1% in the U.S. and 0.8% in
Belgium
 
 >> Group underlying operating margin of 3.6% (3.8% in the U.S., 4.1%
in Belgium)
--------------------------------------------------------------------------
 Financial Summary First Half 2013
--------------------------------------------------------------------------
 >> Revenue growth of 2.3% at identical exchange rates (3.0% organic
growth)
 
 >> Group EBITDA increased to EUR642 million, an increase of 31.9% at
identical exchange rates
 
 >> Group underlying operating profit growth of 9.8% at identical
exchange rates
 
 >> Group underlying operating margin of 3.8%
--------------------------------------------------------------------------
 2013 Outlook
--------------------------------------------------------------------------
 >> Original guidance of 2013 underlying operating profit raised to at
least EUR780 million including Sweetbay, Harveys and Reid's (approximately
EUR775 million previously), or at least EUR755 million reflecting the
previously announced divestitures (all at identical exchange rates)
--------------------------------------------------------------------------

>> CEO Comments

Pierre-Olivier Beckers, President and Chief Executive Officer of Delhaize Group, commented: "Our Group has delivered solid results for the second quarter. In the U.S., we experienced our third consecutive quarter of positive volume growth. At Food Lion, 178 additional stores were repositioned as part of Phase 4, bringing the total of repositioned stores to almost 80% of the network. At Hannaford, we have implemented our targeted price investments during the second quarter. In Belgium, we are pleased to report market share gains of 35 basis points, mainly resulting from our remodeled stores and network expansion. Southeastern Europe showed further resilience with market share growth in what continues to be a challenging environment."

"In line with our commitment to focusing on areas where we will be able to generate the highest growth and returns, we have reached agreements in recent months to divest Sweetbay, Harveys and Reid's, as well as our activities in Montenegro."

"Although we remain prudent on the overall competitive landscape, our operating performance in the first half provides us with confidence that we will be able to generate an underlying operating profit for 2013 of at least EUR755 million, an improvement compared to our previous guidance."

Presentation Q2 2013: http://hugin.info/133961/R/1721810/573525.pdf

Press release in pdf format: http://hugin.info/133961/R/1721810/573524.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#1721810]

Investor Relations: + 32 2 412 2151

Media Relations: + 32 2 412 8669

Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement