BRUSSELS, BELGIUM--(Marketwire - Mar 7, 2013) -
Financial Highlights 2012 (at identical exchange rates)
» Revenue growth of 2.9%; organic revenue growth of 2.1%
» 62% of the Food Lion brand repositioning completed
» Underlying operating profit decline of 17.5%
» Free cash flow generation of EUR772 million at actual exchange
» Proposed full year gross dividend of EUR1.40 per share
Financial Highlights Fourth Quarter 2012 (at identical exchange rates)
» Revenue growth of 0.3%; organic revenue growth of 2.5%
» Positive comparable store sales and volume growth at Food Lion
» Underlying operating margin of 3.6%; impacted by ongoing price
» Proposed appointment of Ms. Elizabeth Doherty as new independent
» CEO Comments
Pierre-Olivier Beckers, President and Chief Executive Officer of Delhaize
commented: "As indicated in January, our financial results in 2012 were
guidance. We are particularly pleased by our strong free cash flow
and we believe that we will generate an average of approximately EUR500
free cash flow per annum over 2013-2015."
"In 2013, we will remain focused on accelerating the progress at Food
revitalizing Delhaize Belgium and driving growth in Southeastern Europe.
to remain relevant to our customers, continuing our sustainable price
and accelerating revenue growth. We will fund this through a
disciplined capital allocation and cost control. The decision to
dividend this year is a clear example of Delhaize Group's
maintaining its financial strength and achieving revenue growth."
"We remain encouraged by the continuation of several positive
experienced during the fourth quarter of 2012, particularly in the U.S.
time, we believe that Delhaize Group has the ability to improve its
performance in all of its markets, by staying focused on sustainable
growth and strict cost management. We are looking forward to provide
updates on our strategic progress on May 8 at the occasion of our Q1
Capital Markets Day."
Press release and presentation in pdf format:
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Delhaize Group via Thomson Reuters ONE