In 2015, Delhaize Group announced revenues of €24.4bn, i.e. +14.2% and +1.9% respectively at actual and identical exchange rates, including the 53rd week in the US in 2014. In comparable store sales, US sales (in local currency) increased by 2.2%, +0.9% for Belgium and +3.5% in South-Eastern Europe. Despite the investment in price, mainly in Belgium, the group’s profitability improved, leading to net income of €366m (vs. €89m including loss from discontinued operations of
04 Mar 2016
Positive and roughly expected
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Positive and roughly expected
Delhaize Group (DELB:EBR) | 0 0 0.0% | Mkt Cap: 10,751m
- Published:
04 Mar 2016 -
Author:
Ranya GNABA -
Pages:
2
In 2015, Delhaize Group announced revenues of €24.4bn, i.e. +14.2% and +1.9% respectively at actual and identical exchange rates, including the 53rd week in the US in 2014. In comparable store sales, US sales (in local currency) increased by 2.2%, +0.9% for Belgium and +3.5% in South-Eastern Europe. Despite the investment in price, mainly in Belgium, the group’s profitability improved, leading to net income of €366m (vs. €89m including loss from discontinued operations of