United States
In 2010 the American activities of Delhaize Group generated a yield of 13.8 billion Euro, an increase of 2.2% compared to 2010 in local currency. The comparable turnover increased by 0.7%. The economic conditions were challenging in 2011, especially in the South-east of the United States with an exceptionally high food inflation in the second half of the year.
In 2011 the American gross margin decreased by 33 basic points to 27.3% as a result of the price investments, especially at Food Lion, and stock losses in fresh products as a result of lower sales volumes, partly compensated by savings on purchases.
The basic company margin decreased to 4.8% (5.4% in 2010) as a result of the weak turnover and the price investments. The basic company margin decreased by 9.5% to 662 million Euro.
In 2011 the American gross margin decreased by 33 basic points to 27.3% as a result of the price investments, especially at Food Lion, and stock losses in fresh products as a result of lower sales volumes, partly compensated by savings on purchases.
The basic company margin decreased to 4.8% (5.4% in 2010) as a result of the weak turnover and the price investments. The basic company margin decreased by 9.5% to 662 million Euro.
Belgium
Delhaize Belgium made a yield of 4.8 billion Euro in 2011, an increase of 0.9% compared to 2010. The comparable turnover was -0.6% in a climate with very low internal inflation and decreasing consumer confidence. Delhaize Belgium finished the year 2011 with a market share of 25.8%, a decrease of 46 basic points compared to 2010
Delhaize Belgium made a yield of 4.8 billion Euro in 2011, an increase of 0.9% compared to 2010. The comparable turnover was -0.6% in a climate with very low internal inflation and decreasing consumer confidence. Delhaize Belgium finished the year 2011 with a market share of 25.8%, a decrease of 46 basic points compared to 2010
In 2011 the gross margin of Delhaize Belgium increased by 28 basic points to 21.0% of the yields. The basic company profit decreased by 2.3%, whilst the basic company margin of Delhaize Belgium remained as good as stable at 4.8% (4.9% in 2010)
South-east Europe and Asia
In 2011 the yields of the segment south-east Europe and Asia increased by 32.0% to 2.5 billion euro (+32.1% on the basis of unchanged rates of exchange) mainly thanks to the acquisition of Delta Maxi and, to a lesser extent, as a result of the growth in yield in Greece, despite the difficult economic circumstances, and the very good yield in Romania together with the establishment of shops in the segment.
In 2011 the gross margin decreased by 22 basic points because of the lower gross margin of Maxi. Without Maxi the gross margin of the segment increased by 65 basic points because of better suppliers conditions, partly compensated by price investments.
The basic company margin was 3.4% or 4.0% without Maxi (3.7% in 2010) whilst the basic company profit amounted to 82 million Euro or an increase of 18.8% based on unchanged rates of exchange.
2012
The basic company margin was 3.4% or 4.0% without Maxi (3.7% in 2010) whilst the basic company profit amounted to 82 million Euro or an increase of 18.8% based on unchanged rates of exchange.
2012
This year Delhaize want to pull clients into its shops by means of decreases in price, both in the United States and in Belgium. With this Delhaize expect good results with its own brands. The company also want to open more shops in various regions.
Source: Delhaize Groep