Delhaize Group 2015 Net Income Rises - Quick Facts

(RTTNews) - Delhaize Group (DEG) reported that its net profit to shareholders amounted to 366 million euros in 2015, compared to 89 million euros in 2014. Net earnings per share were 3.54 euros compared to 0.87 euros. EBITDA increased by 19.4% to 1.4 billion euros, and was up 4.8% at identical exchange rates. Underlying EBITDA increased by 14.9%, or 1.8% at identical exchange rates, to 1.5 billion euros.

Operating profit was 696 million euros, an increase of 64.5% and 41.2% at actual and identical exchange rates, respectively. Underlying operating profit was 872 million euros, an increase of 18.2% at actual exchange rates, or up 4.0% at identical exchange rates, excluding the 53rd week in the U.S. in 2014

In 2015, Delhaize Group realized revenues of 24.4 billion euros, an increase of 15.6% and 3.2% at actual and at identical exchange rates, respectively, excluding the 53rd week in the U.S. in 2014. Including the 53rd week in the U.S. in 2014, revenues rose by 14.2% and 1.9% respectively at actual and at identical exchange rates. Organic revenue growth was 3.2%.

The Board of Delhaize Group will propose to the Ordinary Shareholders Meeting of May 26, 2016, the payment of a gross dividend of 1.80 euros per share. After deduction of the 27% Belgian withholding tax, the proposed net dividend is 1.31 euros per share.