Food Lion 2014 Annual Report Download - page 5

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Delhaize Group Annual Report 2014 • 3
($ in millions except
per share amounts)(5)
(€ in millions except
per share amounts)
Change
vs Prior Year
2014 2014 2013 2012 2014 2013
RESULTS
Revenues 28 378 21 361 20 593 20 514 +3.7% +0.4%
Underlying operating profit(2) 1 012 762 789 845 -3.4% -6.6%
Operating profit 562 423 537 574 -21.2% -6.3%
Net profit from continuing operations 251 189 272 297 -30.5% -8.2%
Net profit (Group share) 118 89 179 105 -50.3% +70.7%
Free cash flow(2) 1 006 757 669 773 +13.2% -13.4%
FINANCIAL POSITION
Total assets 16 111 12 127 11 594 11 915 +4.6% -2.7%
Total equity 7 245 5 453 5 073 5 186 +7.5% -2.2%
Net debt(2) 1 323 997 1 473 2 072 -32.4% -28.9%
Enterprise value(2),(3) 9 578 7 210 5 899 5 155 +22.2% +14.4%
PER SHARE INFORMATION
Group share in net profit (basic)(4) 1.16 0.88 1.77 1.04 -50.5% +70.3%
Group share in net profit (diluted)(4) 1.16 0.87 1.76 1.04 -50.5% +70.0%
Free cash flow(2),(4) 9.91 7.46 6.62 7.66 +12.8% -13.6%
Net dividend 1.59 1.20 1.17 1.05 +2.6% +11.4%
Shareholders’ equity(3) 70.38 52.98 49.47 50.86 +7.1% -2.7%
Share price (year-end) 80.28 60.43 43.20 30.25 +39.9% +42.8%
RATIOS (%)
Underlying operating margin(2) 3.6% 3.8% 4.1% -26bps -29bps
Operating margin 2.0% 2.6% 2.8% -63bps -19bps
Net margin 0.4% 0.9% 0.5% -45bps +36bps
Net debt to equity(2) 18.3% 29.0% 40.0% -10.8ppt -10.9ppt
CURRENCY INFORMATION
Average € per $ rate 0.7527 0.7530 0.7783 0.0% -3.3%
€ per $ rate at year-end 0.8237 0.7251 0.7579 +13.6% -4.3%
OTHER INFORMATION
Number of stores(1) 3 402 3 225 3 075 +5.5% +4.9%
Capital expenditures 606 565 681 +7.2% -17.1%
Number of associates (thousands)(1) 150 145 139 +3.2% +4.4%
Full-time equivalents (thousands)(1) 113 109 106 +3.5% +3.5%
Weighted average number of shares (thousands) 101 434 101 029 100 777 +0.4% +0.2%
(1) Excluding the stores and related associates of divested and discontinued operations.
(2) These are non-GAAP financial measures.
(3) Calculated using the total number of shares issued at year-end.
(4) Calculated using the weighted average number of shares outstanding over the year.
(5) Calculated using an exchange rate of €1 = $1.3285.