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Profil
& News DELHAIZE
07.05.2008 Delhaize Group
Reports 4.9% Revenue Growth at Identical Exchange Rates in First Quarter
of 2008
Financial Highlights First
Quarter 2008
Solid revenue growth:
+4.9% at identical exchange rates
Strong organic revenue
growth of +5.4%
Continued strong comparable
store sales in the U.S. (+3.5%), continued improvement of comparable store
sales growth in Belgium (+2.0%)
Excellent revenue growth
(+15.0%) and operating profit growth (+55.8%) in Greece
Net profit from continuing
operations increase of 4.6% at identical exchange rates
Other Highlights
Confirmation
of our 2008 earnings guidance
CEO Comments
Pierre-Olivier Beckers,
President and Chief Executive Officer of Delhaize Group, commented: "In
this increasingly uncertain economic environment, all of our operating
companies have focused successfully on keeping their customers loyal to
their stores, providing strong revenue growth in the first quarter. Our
competitive pricing and growing private label offering in particular have
been instrumental in assuring sales momentum. We continue to focus on many
sales and cost efficiency initiatives that will have increased impact in
the second part of the year and will allow us to continue to offer highly
competitive prices and to support our profitability. We fully expect to
emerge from the weaker economic environment an even stronger company than
we are today".
CONTACTS :
Guy Elewaut: + 32 2 412
29 48
Geert Verellen: + 32
2 412 83 62
Aurélie Bultynck:
+ 32 2 412 83 61
Amy Shue: +1 704 633
82 50 (ext. 2529)
Full
Press Release in pdf format |
