On a pro forma basis, Q4 group sales decreased slightly by 1.0%, amounting to €15,505m due to mixed figures from its core US market. Adjusted for the calendar effect, group sales increased by 3.9%, underpinned by strong achievements in the Netherlands. FY 2016 sales are in line with our expectations at €62,331m, benefiting from the 19.6% increase in its online business (c.3.3% of the group’s top-line). The company reiterated its guidance, namely that the pro forma underlying o
19 Jan 2017
Delhaize lifts US business
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Delhaize lifts US business
- Published:
19 Jan 2017 -
Author:
Ranya GNABA -
Pages:
2
On a pro forma basis, Q4 group sales decreased slightly by 1.0%, amounting to €15,505m due to mixed figures from its core US market. Adjusted for the calendar effect, group sales increased by 3.9%, underpinned by strong achievements in the Netherlands. FY 2016 sales are in line with our expectations at €62,331m, benefiting from the 19.6% increase in its online business (c.3.3% of the group’s top-line). The company reiterated its guidance, namely that the pro forma underlying o