Delhaize posts below-forecast rise in FY sales, in line with guidance |
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Thu, 18 Jan 2007 08:46
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BRUSSELS (AFX) - Delhaize SA posted a lower-than-forecast rise in full year sales, in line with its own guidance, driven by its US and Belgian operations.Sales for the supermarket group -- listed in both Belgium and the US -- came in at 19.22 bln eur, up 4.8 pct from 18.35 bln last year, but below forecasts of 19.27-19.43 bln.On guidance, Delhaize targeted full year sales climbing 4.5-5.5 pct.Fourth quarter sales fell to 4.85 bln eur from 4.89 bln, impacted by currency effects. Analysts forecast the figure at 4.88-4.90 bln.For the full year, US sales rose to 17.29 bln usd from 16.56 bln and Belgium sales rose to 4.28 bln eur from 4.01 bln.The group said it would add 101 stores to its network in 2007, bringing the total to 2,709 stores by the year end.It added that capital expenditure seen in 2007 amounts to 825 mln eur.simon.zekaria@thomson.comsz/lamCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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