Delhaize Group First Quarter 2015 Results
(Thomson Reuters ONE) -
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Financial Summary
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» Revenue growth of 2.2% at identical exchange rates
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» Comparable store sales growth of 2.5% in the U.S., -2.8% in Belgium and
-0.8% in Southeastern Europe
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» Group underlying operating profit of ?173 million
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» Group underlying operating margin of 3.0% (3.8% in the U.S., 1.4% in Belgium
and 2.3% in Southeastern Europe)
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» CEO Comments
Frans Muller, President and Chief Executive Officer of Delhaize Group,
commented: "In the first quarter, revenues were resilient at Delhaize America
with 2.5% comparable store sales growth despite a meaningful reduction in
inflation as the quarter progressed. At Food Lion, we are on track with the roll
out of our "Easy, Fresh & Affordable" strategic initiative in an additional 160
stores."
"In Belgium, following the agreement with our social partners on the
Transformation Plan on February 23, we are implementing significant changes
required to revitalize our business. During the first quarter, our profitability
was impacted by investments in prices, promotions and marketing expenses but we
saw a gradual improvement in our revenue and market share trends. We expect
revenues and profitability to improve in the second half of the year. In
Southeastern Europe, while our comparable store sales evolution was slightly
negative, the trend improved throughout the region."
"Our focus for the Group is unchanged: continue to grow sales and improve market
share in our core markets, funded by operational efficiencies and continued
capital discipline as reflected by S&P's recent decision to change our Outlook
from "Stable" to "Positive"."
Q1 15 Press release:
http://hugin.info/133961/R/1916174/685068.pdf
Q1 15 Presentation:
http://hugin.info/133961/R/1916174/685069.pdf
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Source: Delhaize Group via GlobeNewswire
[HUG#1916174]
Unternehmensinformation / Kurzprofil:
Datum: 29.04.2015 - 07:01 Uhr
Sprache: Deutsch
News-ID 389276
Anzahl Zeichen: 3205
contact information:
Town:
Brussels
Kategorie:
Business News
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