Delhaize Group Reports Operating Profit Increase of 5.7% in the Third
Quarter of 2009
(Thomson Reuters ONE) - +-------------------------------------------------------------------+| Financial Highlights Third Quarter 2009 (at identical exchange || rates) ||-------------------------------------------------------------------|| » Revenue growth of 1.9% (4.8% at actual exchange rates) ||-------------------------------------------------------------------|| » Comparable store sales evolution of -1.3% in the U.S. while || volume trends continued to improve for the third consecutive || quarter ||-------------------------------------------------------------------|| » Strong comparable store sales growth of 4.6% in Belgium, || resulting in a significant market share increase ||-------------------------------------------------------------------|| » Solid operating margin remained stable at 4.6% (increased to || 4.7% at actual exchange rates) ||-------------------------------------------------------------------|| » Operating profit increase of 2.1% (5.7% at actual exchange || rates) || ||-------------------------------------------------------------------|| Upgrading guidance range ||-------------------------------------------------------------------|| » Solid year-to-date results support the increase of operating || profit growth expectations to be between 1% to 4% instead of 0% || to 3% (at identical exchange rates and including the 53rd week in || 2008) || || » CEO Comments || || Pierre-Olivier Beckers, President and Chief Executive Officer of || Delhaize Group, commented: "In the third quarter of this year, || Delhaize Group demonstrated once again its ability to operate || successfully in a challenging environment. While, as expected, || price pressure in the U.S. continued to impact sales, we were || encouraged to see that targeted promotions and outstanding store || execution resulted in improving volume trends for the third || consecutive quarter. In addition, Delhaize Belgium realized an || outstanding sales performance supported by its ongoing price || efforts and by a very successful marketing campaign. This || resulted in the largest market share jump in a number of years. || Also, our Greek operations maintained strong momentum and posted || solid results." || || "At the same time, our operating margin remained strong due to || continued improvements in inventory management, the strength of || our private brand program and effective cost management. We are || on track with our plans to improve our cost structure by EUR 100 || million this year." || || "Although we are mindful of the volatile environment, we remain || confident in our operating companies' resilience and our plans || for the rest of the year. Our results for the first nine months || of the year give us the confidence to upgrade our earlier || communicated guidance of 0 to 3% operating profit growth to 1 to || 4% at identical exchange rates and including the 53rd week in || 2008." || || » Contacts || || Guy Elewaut: + 32 2 412 29 48 || Amy Shue (U.S. investors): +1 704 633 8250 (ext. 2529) || Geert Verellen: + 32 2 412 83 62 || Barbera Hoppenbrouwers (media): || + 32 2 412 86 69 || |+-------------------------------------------------------------------+http://hugin.info/133961/R/1352749/327400.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 05.11.2009 - 08:07 Uhr
Sprache: Deutsch
News-ID 7941
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