Delhaize Group Second Quarter 2013 Results
(Thomson Reuters ONE) -
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Financial Summary Second Quarter 2013
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» 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)
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Financial Summary First Half 2013
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» Revenue growth of 2.3% at identical exchange rates (3.0% organic growth)
» Group EBITDA increased to ?642 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%
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2013 Outlook
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» Original guidance of 2013 underlying operating profit raised to at least
?780 million including Sweetbay, Harveys and Reid's (approximately ?775
million previously), or at least ?755 million reflecting the previously
announced divestitures (all at identical exchange rates)
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» 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 ?755 million, an
improvement compared to our previous guidance."
Press release in pdf format:
http://hugin.info/133961/R/1721810/573524.pdf
Presentation Q2 2013:
http://hugin.info/133961/R/1721810/573525.pdf
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Source: Delhaize Group via Thomson Reuters ONE
[HUG#1721810]
Unternehmensinformation / Kurzprofil:
Datum: 08.08.2013 - 07:01 Uhr
Sprache: Deutsch
News-ID 285825
Anzahl Zeichen: 3832
contact information:
Town:
Brussels
Kategorie:
Business News
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