Delhaize Group Second Quarter 2015 results
(Thomson Reuters ONE) -
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Financial Summary Second Quarter 2015
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» Revenue growth of 18.1% at actual and 3.2% at identical exchange rates
» Comparable store sales growth of 2.5% in the U.S., -0.6% in Belgium and
1.6% in Southeastern Europe
» Group underlying operating profit growth of 25.7% (8.6% at identical
exchange rates)
» Group underlying operating margin of 3.7%, an increase compared to 3.4% in
the second quarter of 2014
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Financial Summary First Half 2015
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» Revenue growth of 2.7% at identical exchange rates
» Group underlying operating margin of 3.3% (3.4% last year)
» Free Cash Flow generation of ?215 million of which ?308 million in the
second quarter
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Other highlights
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» On June 24, 2015, Royal Ahold and Delhaize Group announced
the intention to merge
» CEO Comments
Frans Muller, President and Chief Executive Officer of Delhaize Group,
commented: "3.2% revenue growth, 8.6% underlying operating profit growth at
identical exchange rates and ?308 million free cash flow generation represents a
solid performance for Delhaize Group in the second quarter of 2015.
With a 3.4% real growth, Delhaize America experienced continued sales momentum
both at Food Lion and at Hannaford. At Delhaize Belgium, our market share
continued to improve compared to the end of 2014. Our Southeastern European
operations' performance was robust, helped by continued high growth in Romania
and positive comparable store sales growth and network growth in Greece. Our
performance in Serbia was stable.
We are making good progress with the two strategic initiatives highlighted
earlier this year. The execution of our Transformation Plan at Delhaize Belgium
continues to go according to plan and at Food Lion we remain on schedule to
launch our "Easy, Fresh and Affordable" strategy in the Raleigh market in the
fourth quarter of this year. Our first half year performance puts us in a good
position to realize our ambitions for the year and we are looking forward to
merging our operations with Ahold as announced on June 24, 2015."
Q2 2015 press release:
http://hugin.info/133961/R/1942269/702536.pdf
Q2 2015 presentation:
http://hugin.info/133961/R/1942269/702537.pdf
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originality of the information contained therein.
Source: Delhaize Group via GlobeNewswire
[HUG#1942269]
Unternehmensinformation / Kurzprofil:
Datum: 30.07.2015 - 06:59 Uhr
Sprache: Deutsch
News-ID 410241
Anzahl Zeichen: 3579
contact information:
Town:
Brussels
Kategorie:
Business News
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