Koninklijke Ahold Delhaize N.V.

Equity

ISIN NL0011794037 / Valor 33273088

Euronext - Euronext Amsterdam (2024-12-23)

EUR 31.15-0.45%

Koninklijke Ahold Delhaize N.V.
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About company

Koninklijke Ahold Delhaize N.V., formed through the merger of Ahold and Delhaize Group in July 2016, stands as a prominent player in the global food retail sector. The company operates approximately 7,716 stores worldwide, employing around 402,000 associates. Ahold Delhaize's portfolio includes a mix of local grocery, small format, and specialty stores, alongside being a leader in e-commerce within the Benelux region and the United States. The company's brands are committed to offering customers a variety of food options, including fresh, natural, and organic products, aiming to enhance the shopping experience through convenience and innovation. With a history stretching back 150 years, Ahold Delhaize has evolved from local grocery outlets to an international retailing powerhouse, continuously focusing on meeting the diverse needs of its weekly 63 million shoppers.

Summarized from source with an LLMView SourceSector: Consumer Services

Revenue Growth

In the third quarter of 2024, Koninklijke Ahold Delhaize N.V. reported group net sales of €22.0 billion, marking a 1.0% increase at constant exchange rates and a 0.2% increase at actual exchange rates. This growth was driven by strategic initiatives such as expanding own-brand assortments and remodeling stores to better meet customer needs.

Comparable Sales

Koninklijke Ahold Delhaize N.V. experienced a 1.4% increase in comparable sales excluding gasoline for the group. The U.S. saw a 1.2% rise, while Europe experienced a 1.6% increase. However, European sales were negatively impacted by 3.3 percentage points due to the cessation of tobacco sales.

Online Sales Performance

The company reported a 5.1% increase in group online sales at constant exchange rates, with a 4.6% increase at actual exchange rates. This growth was primarily driven by double-digit growth in online grocery sales, excluding the impact of the FreshDirect divestment, which negatively affected results by 7.3 percentage points.

Operating Margin and Earnings

Koninklijke Ahold Delhaize N.V. achieved a Q3 underlying operating margin of 3.9%, a slight increase of 0.1 percentage points. The IFRS operating income was €583 million, with diluted EPS at €0.40. The underlying diluted EPS increased by 7.0% to €0.62 compared to the previous year.

2024 Outlook and Share Buyback

The company reiterated its 2024 full-year outlook, expecting an underlying operating margin of ≥4.0%, underlying EPS around 2023 levels, and free cash flow of approximately €2.3 billion. Additionally, Ahold Delhaize announced a €1 billion share buyback program set to commence in 2025.

Summarized from source with an LLMView Source

Key figures

19.1%1Y

3.92%3Y

37.8%5Y

Performance

15.2%1Y

19.3%3Y

20.5%5Y

Volatility