Goedecijfer alleen België loopt niet zo als je goed leest zelfs wa minder ,maar wordt goed gemaakt door de al gehele winst
Belgium
€ million
Net sales Operating income
1,215 914 22 28
1. Results from Belgium are included as of July 24, 2016.
Belgium on a pro forma basis
€ million
Net sales
Underlying EBITDA Underlying EBITDA margin Underlying operating income Underlying operating margin Comparable sales growth
1,213 1,213 73 61
3.1 % 2.0% (0.3)% 1.3%
Pro forma Q3 2017
Pro forma net sales in Belgium were €1,213 million, unchanged versus the same quarter last year. Comparable sales declined by 0.3% versus last year. The affiliated stores continued to perform well, compensating for under-performance of the company-owned stores.
Pro forma underlying operating margin was 3.1%, up 1.1 percentage points compared to last year. This was largely due to a one-off alignment effect related to labor cost, which is negligible for the full year. Synergies were offset by the costs of additional promotional activities.
Central and Southeastern Europe (CSE)
€ million
Net sales 1,426 1,129 26.3% 24.6% 4,240 1,994 112.6% 110.1% Operating income 61 39 56.4% 52.8% 156 50 212.0% 209.9%
1. Results from former Delhaize entities in Central and Southeastern Europe (Greece, Romania and Serbia) are included as of July 24, 2016.
Q3 2017
Central and Southeastern Europe (CSE) on a pro forma basis
Pro forma Q3 2017
Pro forma Q3 2016
€ million
Net sales
Underlying EBITDA
Underlying EBITDA margin
Underlying operating income
Underlying operating margin
Comparable sales growth
Comparable sales growth excluding gasoline
1,426 1,368 102 91
7.2% 6.7% 62 56
4.3% 4.1% 0.4% 5.6%
0.5% 5.7%
Pro forma net sales increased by 3.1% to €1,426 million at constant exchange rates. Net sales growth in the third quarter resulted from comparable sales growth of 0.4% and the net addition of 116 stores compared to a year ago. Comparable sales growth was mainly driven by the strong performance of