Food Lion 2002 Annual Report Download - page 28

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Asia
26 | Delhaize Group | Annual Report 2002
Passed the 100-store mark
Increased sales by 16.6% to EUR 218.1
million
Launched Shop N Save Express
convenience store in Singapore
2002 Highlights:
Outlook for 2003:
Add 24 stores for a total of 127 stores
Roll out convenience store formats
Create an Asian procurement function
Number of Stores
17 52 68 86 103
98 99 00 01 02
Sales
(in millions of EUR)
21 107 155 187 218
98 99 00 01 02
2002 2001 change
Number of stores 103 86 +17
Sales* 218.1 187.0 +16.6%
Operating profit* (4.5) (3.4) –32.4%
Operating margin -2.1% -1.8% –
Net earnings* (7.2) (4.3) -67.4%
* in millions of EUR