Delhaize Group Reports Strong Operating Profit Increase of 13.1% at
Identical Exchange Rates in the
(Thomson Reuters ONE) - +-------------------------------------------------------------------+| Financial Highlights Second Quarter 2009 (at identical exchange || rates) ||-------------------------------------------------------------------|| » Revenue growth of 4.3% (14.3% at actual exchange rates) ||-------------------------------------------------------------------|| » Comparable store sales growth of 0.2% in the U.S. (2.5% || unadjusted for Easter and the 4th of July) and 1.9% in Belgium ||-------------------------------------------------------------------|| » Operating margin increases from 4.4% to 4.7% (4.8% at actual || exchange rates) ||-------------------------------------------------------------------|| » Operating profit increase of 13.1% (25.8% at actual exchange || rates) ||-------------------------------------------------------------------|| Financial Highlights First Half 2009 (at identical exchange || rates) ||-------------------------------------------------------------------|| » Revenue growth of 3.6% (13.8% at actual exchange rates) ||-------------------------------------------------------------------|| » Operating margin increases from 4.5% to 4.7% (4.8% at actual || exchange rates) ||-------------------------------------------------------------------|| » Operating profit increase of 10.1% (22.9% at actual exchange || rates) ||-------------------------------------------------------------------|| Other Highlights ||-------------------------------------------------------------------|| » Confirmation of 2009 earnings guidance ||-------------------------------------------------------------------|| » Completion of the tender offer on Alfa-Beta minority shares || resulted in a 89.56% interest ||-------------------------------------------------------------------|| » Publication of Delhaize Group's second Corporate Responsibility || Report |+-------------------------------------------------------------------+» CEO CommentsPierre-Olivier Beckers, President and Chief Executive Officer ofDelhaize Group, commented: "In the second quarter of this year, ourGroup continued to prove its ability to cope with a challengingeconomic environment. We are particularly satisfied with ourcontinued positive comparable store sales growth despite rapidlydecelerating inflation from the second half of the quarter. Achievingthis required sharp prices and targeted promotional offers. Salesgrowth supported by increasing average transaction count, combinedwith improvements in inventory management, the strength of ourprivate brand program and sustained cost management has resulted insignificant margin increases. Delhaize Belgium's price repositioningefforts resulted in an acceleration of its market share gains.""This quarter's operating expense evolution confirms we continue tobe on track with our plans to improve our cost structure by EUR 100million and to generate EUR 50 million in working capitalimprovements this year. This significantly enhances our flexibilityto reinvest in the growth of our business and support ourprofitability. While we remain cautious for the rest of the year as aresult of the continued economic uncertainty and a stronger base ofcomparison, our solid performance in the first half of 2009 and ourplans for the rest of the year, give us the confidence to confirm our2009 guidance.""Today, we are also publishing our second annual CorporateResponsibility Report. The initiatives and achievements reflected inthis report are evidence of the long-lasting commitment of our Groupwith respect to our products, our people and our planet."» Contacts Guy Elewaut: + 32 2 412 29 48 Geert Verellen: + 32 2 412 83 62 Aurélie Bultynck: + 32 2 412 83 61 Amy Shue (U.S. investors): +1 704 633 82 50 (ext. 2529) Barbera Hoppenbrouwers (media): + 32 2 412 86 69http://hugin.info/133961/R/1332954/315791.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 06.08.2009 - 08:01 Uhr
Sprache: Deutsch
News-ID 4416
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