Delhaize Group 2014 results
(Thomson Reuters ONE) -
Financial Highlights 2014
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» Comparable store sales growth of 4.4% in the U.S. and -3.5% in Belgium
» Underlying operating profit of ?737 million excluding the 53(rd) week in the
U.S., a decline of 6.3% at identical exchange rates. Underlying operating
profit of ?762 million including the 53(rd) week in the U.S.
» Free cash flow generation of ?757 million including ?171 million from the
divestment of Sweetbay, Harveys and Reid's
» Proposed full year gross dividend of ?1.60 per share, a 3% increase compared
to 2013.
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Financial Highlights Fourth Quarter 2014
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» Group revenue growth of 1.3% at identical exchange rates and excluding
53(rd) week in the U.S.
» Solid comparable store sales growth at Delhaize America (+3.6%) but negative
comparable store sales growth at Delhaize Belgium (-6.9%) and Southeastern
Europe (-2.2%)
» Group underlying operating margin of 3.9% (3.6% excluding the impact of the
53(rd) week in the U.S.)
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Other Highlights Fourth Quarter 2014
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» Non-recurring reorganization charge of ?137
million related to the Transformation Plan in
Belgium
» Impairment loss of ?124 million related to
the planned divestiture of Bottom Dollar Food
(?74 million after tax), included in result
from discontinued operations
* CEO Comments
Frans Muller, Chief Executive Officer of Delhaize Group, commented: "We are
pleased with the progress at Delhaize America as both Food Lion and Hannaford
achieved solid revenue growth while maintaining profitability. In Belgium, after
several difficult months, we have now reached an agreement with our social
partners and are starting to implement the different steps of the Transformation
Plan. In Southeastern Europe, market share increases are encouraging, despite
the continued challenging economic backdrop."
"The "Easy, Fresh & Affordable" strategic initiative, which is designed to
differentiate Food Lion relative to its local competitors, has made good
progress in 2014. Therefore we will roll out Easy, Fresh & Affordable to an
additional 160 stores in 2015. We believe this will favorably position us in an
increasingly competitive Southeastern U.S. market. While we are focused on
maintaining our sales momentum, we are also mindful of non-recurring costs
related to Food Lion's strategic initiatives. In Belgium, we are confident that
the execution of the Transformation Plan, coupled with investments in our
commercial proposition and in our store network, will allow us to regain a
leading market position."
"We will continue to grow sales and improve our market share in our core markets
funded by operational efficiencies and continued capital discipline. For the
current year, our capital expenditures will increase to approximately ?700
million at identical exchange rates."
Q4 2014 presentation:
http://hugin.info/133961/R/1899580/674902.pdf
Q4 2014 press release:
http://hugin.info/133961/R/1899580/674901.pdf
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Source: Delhaize Group via GlobeNewswire
[HUG#1899580]
Unternehmensinformation / Kurzprofil:
Datum: 05.03.2015 - 07:01 Uhr
Sprache: Deutsch
News-ID 376339
Anzahl Zeichen: 4385
contact information:
Town:
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Kategorie:
Business News
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