Webcast Delhaize Group Q1 2012 results

5/3/2012

Webcast Delhaize Group Q1 2012 results

 

Underlying EBITDA: definitions and reconciliations

 

(in millions of EUR at actual exchange rates)						Q1 2012	Q1 2011
Underlying operating profit						189	222
Depreciation and amortization						161	141
Accelerated depreciation						(2)	(1)
Underlying EBITDA						348	362

Definitions

Underlying EBITDA: Underlying operating profit plus depreciation and amortization less accelerated depreciation related to the conversions of Bottom Dollar Food and Bloom stores to Food Lion stores, which has been excluded from underlying operating profit.

Underlying operating profit: operating profit excluding fixed assets impairment charges, restructuring charges, store closing expenses, gains/losses on disposal of fixed assets and other items that management considers not being representative of the Group's operating performance of the period. See page 16 of our first quarter 2012 press release for a reconciliation.