Financial Summary Second Quarter 2013
Financial Summary First Half 2013
2013 Outlook
CEO Comments
Pierre-Olivier Beckers, President and Chief Executive Officer of Delhaize Group, commented: “Our Group has delivered solid results for the second quarter. In the U.S., we experienced our third consecutive quarter of positive volume growth. At Food Lion, 178 additional stores were repositioned as part of Phase 4, bringing the total of repositioned stores to almost 80% of the network. At Hannaford, we have implemented our targeted price investments during the second quarter. In Belgium, we are pleased to report market share gains of 35 basis points, mainly resulting from our remodeled stores and network expansion. Southeastern Europe showed further resilience with market share growth in what continues to be a challenging environment.”
“In line with our commitment to focusing on areas where we will be able to generate the highest growth and returns, we have reached agreements in recent months to divest Sweetbay, Harveys and Reid’s, as well as our activities in Montenegro.”
“Although we remain prudent on the overall competitive landscape, our operating performance in the first half provides us with confidence that we will be able to generate an underlying operating profit for 2013 of at least €755 million, an improvement compared to our previous guidance.”