Food Lion 2007 Annual Report Download - page 2

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Profi le
Delhaize Group is a Belgian international
food retailer w ith activities in seven countries
on three continents. Delhaize Group is listed
on Euronext Brussels (ticker symbol: DELB)
and the New York Stock Exchange
(ticker symbol: DEG).
At the end of 2007, Delhaize Group’s
sales netw ork consisted of 2,545 stores.
In 2007, Delhaize Group posted
EUR 19.0 billion in revenues and net profi t
of EUR 410.1 million. Delhaize Group
employs approximately 138,000 people.
Delhaize Group has leading positions
in food retailing in key markets. These
positions are built through strong
regional companies going to market in
a variety of food store formats.
The operating companies benefi t from
the Group’s global strength and best
practices. The Group is committed
to offering a locally differentiated
shopping experience to its customers
in each of its markets, to delivering
superior value and to maintaining
high social, environmental and ethical
standards.
Content
FINANCIAL HIGHLIGHTS 1
LETTER OF THE CHAIRM AN
AND THE CEO 2
OVERVIEW OF OPERATING COM PANIES 4
OUR STRATEGY 6
GENERATE PROFITABLE
REVENUE GROWTH 8
PURSUE BEST-IN-CLASS EXECUTION 16
OPERATE AS A RESPONSIBLE COM PANY 24
OUR BUSINESS IN 2007 30
FINANCIAL REVIEW* 32
BUSINESS REVIEW* 36
> UNITED STATES 36
> BELGIUM 40
> GREECE 42
> EMERGING M ARKETS 44
CORPORATE GOVERNANCE* 46
RISK FACTORS* 56
FINANCIAL STATEMENTS 60
CONSOLIDATED BALANCE SHEETS* 62
CONSOLIDATED INCOM E STATEM ENTS* 64
CONSOLIDATED STATEM ENTS OF RECOGNIZED
INCOM E AND EXPENSE* 64
CONSOLIDATED STATEM ENTS
OF CASH FLOWS 65
QUARTERLY DATA* 66
NOTES TO FINANCIAL STATEMENTS* 67
SHAREHOLDER INFORMATION 112
GLOSSARY 116
* These chapt ers contain the information required by the Belgian
Company Code to be included in the M anagement Report on
the consolidated fi nancial statements and constit ut e in the
aggregate such M anagement Report.