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Delhaize Group: Delhaize Group First Quarter 2015 Results

| Financial Summary |
| » Revenue growth of 2.2% at identical exchange rates |
| » Comparable store sales growth of 2.5% in the U.S., -2.8% in Belgium and |
|-0.8% in Southeastern Europe |
| » Group underlying operating profit of €173 million |
| » Group underlying operating margin of 3.0% (3.8% in the U.S., 1.4% in Belgium |
|and 2.3% in Southeastern Europe) |
| |
CEO Comments

Frans Muller, President and Chief Executive Officer of Delhaize Group,
commented: "In the first quarter, revenues were resilient at Delhaize America
with 2.5% comparable store sales growth despite a meaningful reduction in
inflation as the quarter progressed. At Food Lion, we are on track with the
roll out of our "Easy, Fresh&Affordable" strategic initiative in an
additional 160 stores."

"In Belgium, following the agreement with our social partners on the
Transformation Plan on February 23, we are implementing significant changes
required to revitalize our business. During the first quarter, our
profitability was impacted by investments in prices, promotions and marketing
expenses but we saw a gradual improvement in our revenue and market share
trends. We expect revenues and profitability to improve in the second half of
the year. In Southeastern Europe, while our comparable store sales evolution
was slightly negative, the trend improved throughout the region."

"Our focus for the Group is unchanged: continue to grow sales and improve
market share in our core markets, funded by operational efficiencies and
continued capital discipline as reflected by S&P's recent decision to change
our Outlook from "Stable" to "Positive"."

Q1 15 Presentation
Q1 15 Press release


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Delhaize Group via Globenewswire


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