Delhaize Group 2014 revenues and preliminary results
(Thomson Reuters ONE) -
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Full Year preliminary and unaudited 2014 Results at actual exchange rates((1))
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» Group revenue growth of 3.9% at identical exchange rates including the
53(rd) week in the U.S.
» Group revenue growth of 2.6% at identical exchange rates excluding the
53(rd) week in the U.S.
» Underlying operating profit of ?764 million including the 53(rd) week in the
U.S.
» Underlying operating profit of ?739 million excluding the 53(rd) week in the
U.S.
» Operating free cash flow of approximately ?585 million. Free cash flow of
approximately ?756 million including the net proceeds of ?171 million related
to the divestment of Sweetbay, Harveys and Reid's
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Fourth Quarter 2014 Revenues
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» Group revenue growth of 6.3% at identical exchange rates including the
53(rd) week in the U.S.
» Group revenue growth of 1.3% at identical exchange rates excluding the
53(rd) week in the U.S.
» 3.6% comparable store sales growth in the U.S.
» Comparable store sales declines by 6.9% in Belgium and by 2.2% in
Southeastern Europe
* CEO Comments
Frans Muller, President and Chief Executive Officer of Delhaize Group said: "In
2014, we made substantial progress in a number of areas and believe the strategy
announced in March of 2014 has resonated with all stakeholders. While we
recognize there is still significant work to be done to achieve our ambitions
and goals, I am confident in our team's ability to deliver."
"Our preliminary unaudited Group underlying operating profit stood at ?739
million for 2014, excluding the 53(rd) week in the U.S., driven by strong sales
growth and a relatively stable underlying operating margin at Delhaize America.
We generated an operating free cash flow of approximately ?585 million. "
"Our fourth quarter revenues at Delhaize America were solid, partly helped by
inflation and both Food Lion and Hannaford reported positive real sales growth.
In Belgium our revenues and results were both negatively impacted by disruptions
in our stores and in our distribution network. We have the ambition to reach a
final agreement with our social partners on the Transformation Plan negotiations
soon. In Southeastern Europe, a difficult consumer environment in Greece and
Serbia resulted in negative comparable store sales growth."
"For 2015, our focus will be to further roll-out the Easy, Fresh and Affordable
strategy at Food Lion and to implement the Transformation Plan in Belgium, both
initiatives focused on the customer. We will also seek to accelerate growth in
selected markets. Finally, we will continue to be disciplined with respect to
operating costs, capital allocation and working capital."
((1)) Excluding Bottom Dollar Food which is included in results from
discontinued operations
Full press releae in pdf format:
http://hugin.info/133961/R/1889164/668702.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#1889164]
Unternehmensinformation / Kurzprofil:
Datum: 26.01.2015 - 07:00 Uhr
Sprache: Deutsch
News-ID 366708
Anzahl Zeichen: 4130
contact information:
Town:
Brussels
Kategorie:
Business News
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