Delhaize Group Confirms Second Quarter Results - 4.1% Organic Revenue Growth For The First Half Year

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Energy, Environment & Natural Resources

Delhaize Group Confirms Second Quarter Results - 4.1% Organic Revenue Growth For The First Half Year
By MARKET WIRE
Aug 4, 2008 - 1:36:01 AM

BRUSSELS, BELGIUM -- (MARKET WIRE) -- 08/04/08 --

Financial Highlights Second Quarter 2008

*      Revenue growth of +2.6% at identical exchange rates*      Comparable store sales growth of +1.9% in the U.S. and +0.7%  in Belgium*      Strong double-digit revenue growth in Greece (+14.5%) and in  Indonesia and Romania (+32.1% at identical exchange rates)*      Group share in net profit increase of +56.8% at identical  exchange rates due primarily to prior year financial chargesFinancial Highlights First Half 2008*      Revenue growth of +3.7% at identical exchange rates*      Organic revenue growth of +4.1%*      Comparable store sales growth of +2.2% in the U.S. and +1.3%  in Belgium*      Group share in net profit increase of +24.3% at identical  exchange rates

CEO Comments

Pierre-Olivier Beckers, President and Chief Executive Officer ofDelhaize Group, commented: "In the second quarter of 2008 ourrevenues grew at a rate that is reflective of the current economicenvironment with consumers' purchasing power under pressure. In thiscontext, we have been increasingly focusing on our price position. Weare fortunate to have our most powerful private label offering ever,giving our customers high quality alternatives at great prices. Weare committed to fund price investments and offset underlying costpressures through major savings initiatives that will have a lastingeffect on our organization. We continue to focus on our long-termstrategies, which will make us even stronger when we emerge from thischallenging economy."

http://hugin.info/133961/R/1240093/265879.pdf

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