Net profit increased 15.4% on previous year
Revenue boosted by strength of US dollar
Confirmed full-year guidance
Delhaize, the Belgium-based retailer, posted an increase in first-half profit today (6 August) and reaffirmed its full-year guidance.
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Net profit for the six-month period reached EUR252m (US$362.8m), a 15.4% increase on the previous year.
Operating margin climbed by 22.9% at actual exchange rates to EUR491m.
For the first half, Delhaize posted revenue growth of 3.6% at identical exchange rates. At actual exchange rates, revenues increased by 13.8% to EUR10.2bn due to the strength of the US dollar against the euro.
Delhaize confirmed its full-year guidance but said its profit growth will be mostly generated in the first half of 2009 due to lower expected inflation in the second half of the year.
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By GlobalDataClick here for the full half-year release from Delhaize. Return for further comment from CEO Pierre-Olivier Beckers later.
