Belgium-based food retailer Delhaize has seen the weak US dollar weigh on the business during the first half of the year.

The company, which has operations in seven countries including the US, said today (9 August) that revenue had dipped by 0.4% to EUR9.5bn (US$13bn) in the six months to the end of June.

Delhaize said sales had slipped due to a 7.5% fall in the value of the US dollar during the first half of the year.

Stripping out the effect of currency fluctuations, sales climbed 5.3% due to a rise in turnover in Belgium, the US and Greece.

Looking at the bottom line, operating profit rose 5.2% to EUR478.6m; at constant exchange rates, earnings leapt almost 12%.

President and CEO Pierre-Olivier Beckers said Delhaize is “confident” that the company would post full-year results at the “higher end of our guidance range”.

Delhaize has forecast revenue growth of up to 5.5% and for profits to rise by up to 8%.