Food Lion 2008 Annual Report Download - page 31
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Please find page 31 of the 2008 Food Lion annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.27
Delhaize Group Our Strategy
Our Activities in 2008
Corporate Governance
Risk Factors
Financial Statements Shareholder Information
at a Glance
> Financial Review
> Business Review
> United States
> Belgium
> Greece
> Rest of the World
FINANCIAL REVIEW
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Realized 19.9% growth in group share in net profit at identical exchange rates
› Grew operating profit by 2.1% at identical exchange rates
› Increased revenues by 5.6% at identical exchange rates
› Posted strong operating margin of 4.8%
› Proposes gross dividend of EUR 1.48 per share, 2.8% higher than last year
BUSINESS REVIEW
Belgium
› Added 37 stores for a total of 775
› Major changes to price positioning
› Start “Excel Plan 2008-2010” SEE MORE ON PAGE 36
Greece
› Added 42 stores for a total of 201
› Finalized acquisition of Plus Hellas
› Opened 2 Lion Food stores, a new banner SEE MORE ON PAGE 38
Romania
› Acquired 14 La Fourmi stores of which 10 converted in 2008
› Added 18 stores for a total of 40
› Significantly increased private brand offering
› Started upgrade check-out systems SEE MORE ON PAGE 40
Indonesia
› Added 7 stores for a total of 63
› Extended private brand assortment
› Modernized supply chain systems SEE MORE ON PAGE 42
United States
› Added 24 stores for a total of 1 594
› Completed four market renewals at Food Lion
› Guiding Stars rolled out at Food Lion, Bloom and Sweetbay
› Accelerated introduction of three-tier private label program
› Major cost reduction programs and price investments SEE MORE ON PAGE 32
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