<p style="text-indent:0px; line-height:12px;"><span style="font-weight:bold;">Brussels, Belgium-</span><hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">By ANUK Staff<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">3.8.13</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p>Belgian retailer, Delhaize Group has reported a loss in profits for the full year 2012. Operating profits fell by over 56% to over $507 million. EBITDA dropped by 18.3% to just under $1.7 million.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Income from continuing operations fell by 78.9 percent to, while revenue rose 2.9% to $29,581 million for the year.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Delhaize attributed the income decline to "the portfolio optimization charge in the first quarter, the impairment charge in the fourth quarter and a decline in operating profit which were partially offset by the resolution of tax matters."<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Revenues at Delhaize America fell 2.2 % during 2012 to $18.8 billion (€14.6 billion) and underlying operating profit saw a 23.5 % slump to $705 million (€549 million).<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">“In 2013, we will remain focused on accelerating the progress at Food Lion, revitalizing Delhaize Belgium and driving growth in south-eastern Europe. We aim to remain relevant to our customers, continuing our sustainable price policies and accelerating revenue growth," said CEO Pierre-Olivier Beckers.</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href="http://www.esmmagazine.com/Retail/delhaize-profit-plunge-amid-revenue-growth.html" target="_new">Delhaize Financial Report</a></p><hr class="legacyRuler"><hr class="invisible minimal-padding">
