SOURCE: Delhaize Group

May 12, 2006 02:00 ET

Delhaize Group Reports Strong Net Profit of EUR 97.3 million in First Quarter 2006

BRUSSEL, BELGIUM -- (MARKET WIRE) -- May 12, 2006 --

First Quarter 2006 Results

* Sales grew by 11.3% at actual and 4.6% at identical exchange rates

* Strong operating margin at 4.8%

* Group share of net profit increased by 19.7% at actual and 12.2% at identical exchange rates

* Confirmation of full-year guidance

Results Delhaize America:
http://hugin.info/133961/R/1050804/173983.pdf

Full pdf version of the press release:
http://hugin.info/133961/R/1050805/173984.pdf

CEO Comments

"We are pleased with these first quarter results," said Pierre-Olivier Beckers, President and Chief Executive Officer of Delhaize Group. "Our sales momentum continued to be strong, particularly at Food Lion, our largest company. In Belgium, first quarter sales were encouraging as we showed accelerating growth."

"Our major projects in 2006 include the conversion of all Kash n' Karry stores to Sweetbay in the Tampa-St. Petersburg market in Florida, the Food Lion market renewal in Washington, DC, the Greenville-Spartanburg, South Carolina market entry by Food Lion, the acceleration of store openings at Hannaford, and the first conversions of Cash Fresh stores to Delhaize banners in Belgium. These projects and our continued focus on executional excellence give us full confidence in the achievement of our plans for 2006," concluded Mr. Beckers.

Results Delhaize America:
http://hugin.info/133961/R/1050804/173983.pdf

Please click on the link below to see the full pdf version of the press release: http://hugin.info/133961/R/1050803/173982.pdf

Copyright © Hugin ASA 2006. All rights reserved.

Contact Information