Delhaize Group First Quarter 2013 Results
(Thomson Reuters ONE) -
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Financial Summary
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» Revenue growth of 2.1% at identical exchange rates (3.8% organic growth)
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» Comparable store sales growth of 1.9% in the U.S. and 2.4% in Belgium
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» Group underlying operating margin of 3.9%
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» Free cash flow of ?255 million
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2013 Outlook
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» Guidance of 2013 underlying operating profit of approximately ?775 million
at identical exchange rates
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CEO Transition
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» Delhaize Group announces that President and CEO Pierre-Olivier Beckers
intends to retire by year-end
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» CEO Comments
Pierre-Olivier Beckers, President and Chief Executive Officer of Delhaize Group,
commented: "We had a strong first quarter driven by positive revenue growth and
profitability at Delhaize America and Delhaize Belgium, partly supported by
favorable weather conditions. Food Lion repositioned stores continue to perform
well, and in Belgium consumer patterns proved to be more robust than expected.
Operations in Southeastern Europe were impacted by price investments in Greece
and high inflation in other countries."
"For the remainder of 2013, we will continue to make significant investments in
our strategic initiatives. Phase 4 of the Food Lion repositioning will be
launched next week, bringing the total of repositioned Food Lion stores to 78%.
At Hannaford we will increase our investment in price as we focus on delivering
more value to our customers. In Belgium, we have identified further
opportunities to improve our stores, assortment and service level while
remaining price competitive. As a consequence of our continued focus on our
strategic priorities, Delhaize Group expects an underlying operating profit of
approximately ?775 million for the full year 2013 at identical exchange rates."
"After nearly 15 years as CEO, the Board of Directors and I have decided that
now is the appropriate time to look for my successor. In the meantime I remain
fully committed to leading and supporting the company and its 158,000 associates
and I remain convinced that we are on the right track as evidenced by our
results over the last three quarters."
Presentation Q1 2013:
http://hugin.info/133961/R/1700191/561138.pdf
Press release in pdf format:
http://hugin.info/133961/R/1700191/561130.pdf
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originality of the information contained therein.
Source: Delhaize Group via Thomson Reuters ONE
[HUG#1700191]
Unternehmensinformation / Kurzprofil:
Datum: 08.05.2013 - 07:02 Uhr
Sprache: Deutsch
News-ID 257372
Anzahl Zeichen: 3965
contact information:
Town:
Brussels
Kategorie:
Business News
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