Belgian retailer Delhaize has posted sales of EUR19.2bn (US$24.78bn) for fiscal 2006, compared to EUR18.3bn the prior year, an increase of 4.8%. Net sales and other revenues grew by 5.5% at identical exchange rates, coming in at the top end of the company’s guidance range of 4.5-5.5%.
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Pierre-Olivier Beckers, president and CEO, said: “Delhaize Group sales growth for the full year came out at the top end of our expectations, and our 2006 performance marks the fourth consecutive year of accelerating sales momentum. We have been particularly pleased with the strong performances of Food Lion and Hannaford in the US, Delhaize Belgium and the outstanding sales level of Alfa-Beta, our Greek company. Our store opening program and other planned initiatives for 2007 leave us confident that we will continue our profitable growth in 2007.”
In 2007, Delhaize said it plans to increase the sales network of its continuing operations by 101 stores. Combined with the planned sale of 97 Delvita stores, resulting in a total store network of 2,709 by the end of the year.
