Food Lion 2009 Annual Report Download - page 55

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51
› Rest of the World Segment
Performance
Financial results of Mega Image in Romania and
Super Indo in Indonesia are reported on a combined
basis and represent the “Rest of the World“ segment
of Delhaize Group.
In 2009, the revenues of the Rest of the World
segment (Romania and Indonesia) amounted to
EUR 233 million, an increase of 27.3% versus the
prior year at identical exchange rates.
In Romania, the continued development of the
assortment, store modernization and the acquisition
and successful conversion of 4 stores supported
revenue growth, while the underlying sales trend
suffered from the very weak economy.
In Indonesia, revenue growth was supported by
strong comparable stores sales as a result of
low prices, the modernization of the stores and
development of the assortment.
The Rest of the World segment recorded an
operating loss of EUR 1 million compared to an
operating profit of EUR 3 million in 2008 due to
higher staff costs and depreciation in Romania
as a result of new store openings and La Fourmi
remodelings.
Total capital expenditures of the Rest of the World
segment amounted to EUR 13 million, compared to
EUR 20 million prior year.
233
(0.3)
2007
2007
2008
2008
2009
2009
165
201
Revenues (in millions of EUR)
2.3
1.5
Operating Margin (% of revenues)
2009 2008 Change
Revenues
(1)
233 201 +15.5%
Operating profit
(1)
(1) 3 -122.7%
Operating margin
(0.3%) 1.5% -178bps
Capital expenditures
(1)
13 20 -31.5%
(1)
In millions of EUR
> FINANCIAL REVIEW > BUSINESS REVIEW > United States > Belgium > Greece > Rest of the World
DELHAIZE GROUP AT A GLANCE
OUR STRATEGY
OUR ACTIVITIES IN 2009
CORPORATE
GOVERNANCE STATEMENT RISK FACTORS FINANCIAL STATEMENTS
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