Food Lion 2007 Annual Report Download - page 47

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ROMANIA
PLOIESTI
CONSTANTA
INDONESIA
PALEMBANG
JAKARTA
SURABAYA
YOGYAKARTA
BANDUNG
Outlook for
2008
Add approximately
15 stores to the
network
Further extend
product assortment
Increase store
effi ciency
* In millions of EUR
Performance
In 2007, the Emerging Markets segment of
Delhaize Group (including 51% of Lion Super
Indo) recorded revenue growth of 20.9% to
EUR 165.5 million. This growth was fueled
by strong comparable store sales growth and
continued network expansion in both countries.
Product assortments continued to be extended
and innovated. In 2007, both Mega Image and
Lion Super Indo moved to new distribution
facilities to increase effi ciency and service
levels to the stores. Delhaize Group’s Emerging
Markets segment generated operating profi t of
EUR 3.8 million in 2007.
Delhaize Group plans to further increase store
effi ciency and product offering innovation at
Mega Image and Lion Super Indo in 2008.
2007 2006 Change
Number of stores 78 68 +10
Revenues* 165.5 136.9 +20.9%
Operating profi t* 3.8 0.3 N/A
Operating margin 2.3% 0.2% +215bps
Capital expenditures* 12.2 12.1 +0.8%
Number of associates 5,176 4,629 +11.8%
Sale of Delvita
In the fall of 2006, Delhaize Group announced an
agreement to sell its Czech business Delvita to the
German Rewe Group. Delhaize Group completed
this transaction in the second quarter of 2007 .
68 78
2006 2007
62
2005
Number
of Stores
137 166
2006 2007
2.3
0.2
0.5
118
2005
Operating
Margin
(% OF REVENUES)
Revenues
(IN MILLIONS OF EUR)
BUCHAREST
DELHAIZE GROUP / ANNUAL REPORT 2007 45