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Delhaize Group Annual Report 2014 3
in millions except in millions except Change
per share amounts)151 per share amounts) vs Prior Year
2014
2014
2013
2012
2014
2013
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 flow121
1 006
757
669
773
+13.2%
-13.4%
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 debt121
1 323
997
1 473
2 072
-32.4%
-28.9%
Enterprise value121131
9 578
7 210
5 899
5 155
+22.2%
+14.4%
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Group share in net profit (basic)141
1.16
0.88
1.77
1.04
-50.5%
+70.3%
Group share in net profit (diluted)141
1.16
0.87
1.76
1.04
-50.5%
+70.0%
Free cash flow121141
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' equity131
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%
Underlying operating margin121
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 equity121
18.3%
29.0%
40.0%
-10.8ppt
-10.9ppt
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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%
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Number of stores111
3 402
3 225
3 075
+5.5%
+4.9%
Capital expenditures
606
565
681
+7.2%
-17.1%
Number of associates (thousands)111
150
145
139
+3.2%
+4.4%
Full-time equivalents (thousands)111
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.
