Ahold Delhaize

Koninklijke Ahold Delhaize is an international group of supermarket and foodservice operators based in Europe and the U.S. Co. operates supermarkets and convenience stores. In addition, Co. provides online food retailing services. Co. also finances, develops and manages store sites and shopping centers. Ahold Europe comprises Albert Heijn in the Netherlands and Belgium; Etos, Gall & Gall, and albert.nl in the Netherlands; and Albert / Hypernova in the Czech Republic and Slovakia. Ahold USA is organized into four retail divisions: Giant Carlisle, Giant Landover, Stop & Shop New England, and Stop & Shop New York Metro. The Peapod online business is also part of Ahold USA.
  • TickerAD
  • ISINNL0011794037
  • ExchangeEuronext Amsterdam
  • SectorFood & Drug Retailers
  • CountryNetherlands
Alan Vandenberghe ...
  • Guy Sips
  • Jason Kalamboussis
  • Joachim Vansanten
  • Lenny Van Steenhuyse
  • Michiel Declercq
  • Sandra Cauwenberghs
  • Wido Jongman
  • Wim Hoste

Dynamic Top pick List 2020 - Update

Today we update our Dynamic Top Pick List : • We ADD : Care Property Invest • We KEEP : AB Inbev, Ahold Delhaize, Barco, Basic-Fit, Hal Trust, NN Group, UCB, VGP, WDP, Recticel and Inventiva. Since inception our DTPL is only down 2.4%, which represents an outperformance of 3.6%, 12.2% and 9.3% compared to the AEX, BEL20 and SX5E respectively. In June, our list underperformed all 3 benchmarks by 1.4% on average despite a very solid performance of UCB. The main contributors to this negative performance were : AB Inbev, Basic-Fit and Inventiva

KON.AHOLD DLHZ.NV loses on its star level and is downgraded to Slightly Positive

The independent financial analyst theScreener just slightly lowered the general evaluation of KON.AHOLD DLHZ.NV (NL), active in the Food Retailers & Wholesalers industry. The title has lost a star(s) at the fundamental level and now shows 3 out of 4 stars. Its exposure to market risk remains nonetheless the same and can be still described as defensive. theScreener slightly downgrades the general evaluation to Slightly Positive for the title on account of the lost star(s). As of the analysis date June 30, 2020, the closing price was EUR 24.26 and its potential was estimated at EUR 26.29.

Valérie GASTALDY

Analyse court terme - AHOLD DELHAIZE NV : La tendance est haussière.

La tendance est haussière. Les cours progressent encore, mais la tendance s'affaiblit. La prochaine résistance est à 20,400 €. La rupture de 18,766 € mettrait la tendance en danger.

Valérie GASTALDY

Short term view - AHOLD DELHAIZE NV : The trend is bullish.

The trend is bullish. Prices are still making progress but the trend is slowing down. The next resistance is at €20.400. The break of €18.766 would endanger the trend.

Valérie GASTALDY

Short term view - AHOLD DELHAIZE NV : The trend is bullish.

The trend is bullish. The current fall looks like a consolidation. The support at €18.766 could cause a bullish reaction towards €20.400. The break of €18.766 would endanger the trend.

Valérie GASTALDY

Analyse court terme - AHOLD DELHAIZE NV : La tendance est haussière.

La tendance est haussière. La baisse en cours s'apparente à une consolidation. Le support à 18,766 € pourrait relancer le mouvement haussier vers 20,400 €. La rupture de 18,766 € mettrait la tendance en danger.

Valérie GASTALDY

Analyse moyen terme - AHOLD DELHAIZE NV : La correction gagne en vigueur.

La tendance de fond est clairement orientée à la hausse. La correction en cours gagne en vigueur. Il est trop tôt pour parler de retournement baissier. La tendance serait invalidée sous le support à 18,800 €.

Alan Vandenberghe ...
  • Guy Sips
  • Jason Kalamboussis
  • Joachim Vansanten
  • Lenny Van Steenhuyse
  • Michiel Declercq
  • Sandra Cauwenberghs
  • Wido Jongman
  • Wim Hoste

Dynamic Top pick List 2020 - Update

Today we update our Dynamic Top Pick List : • We ADD : Care Property Invest • We KEEP : AB Inbev, Ahold Delhaize, Barco, Basic-Fit, Hal Trust, NN Group, UCB, VGP, WDP, Recticel and Inventiva. Since inception our DTPL is only down 2.4%, which represents an outperformance of 3.6%, 12.2% and 9.3% compared to the AEX, BEL20 and SX5E respectively. In June, our list underperformed all 3 benchmarks by 1.4% on average despite a very solid performance of UCB. The main contributors to this negative performance were : AB Inbev, Basic-Fit and Inventiva

Stephane Houri

Accor : Digitisation post-COVID: what consequences for our sectors and stocks?

This cross-sector report from ODDO BHF equity research aims to identify the sectors and stocks positively affected by or at risk from an acceleration in the digitisation of society and the economy post COVID-19. We arrive at a list of 16 attractive stocks and 12 stocks that we see as being at risk. - >Accelerated digitisation, no turning back - The COVID-19 crisis will without a doubt accelerate use of digital in society in general. The effectiveness of teleworking has...

Clement Genelot

SECTOR | Retail & E.commerce | Time to Refocus on Self-Help Stories

Time for sector rotation. In mid-March, we took a cautious approach by favouring food retailers (i.e. Ahold Delhaize and Carrefour) and steering clear of all traditional specialised retailers (i.e. Ceconomy, Fnac Darty and Maisons du Monde). We now believe the time is right to adjust our approach within our retail coverage universe.

Clement Genelot

AHOLD DELHAIZE: Pragmatic termination of the acquisition of King Kullen to refocus on the one of SEG? | BUY | EUR24(0%)

AHOLD DELHAIZE - BUY | EUR24(0%) Pragmatic termination of the acquisition of King Kullen to refocus on the one of SEG? Sudden deal termination raised two questions What went wrong with King Kullen? Is Ahold Delhaize’s M&A approach still valid in the US? A finally pragmatic arbitration between the two possible King Kullen and SEG deals

Alan Vandenberghe ...
  • Jason Kalamboussis
  • Michiel Declercq
  • Ruben Devos
  • Wim Hoste

Feedback Virtual Benelux Conference

On Thursday 28 May 2020, KBC Securities hosted its first 100% virtual Flagship Conference. 10 out of the 11 companies were represented by C-level management. The conference was well-attended as we welcomed over 100 national and international investors. We planned around 60 meetings over the day, combining one on ones and group meetings. The preliminary feedback gathered from both investors and companies, is extremely positive. Many investors got the opportunity to dig deeper into selected investment cases and some discovered interesting new companies. In this document, we summarize the main ...

ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Nadège Tillier

Coffee, Croissants & Credit/Ahold Delhaize and E.ON

Consumer Products: • Ahold Delhaize (ADNA) reported 2Q18 and interim results this morning, which we believe to be spread neutral. Net sales in the second quarter of €15.5bn were in line with consensus and were up 0.9% at constant FX or 2.4% when adjusting for Easter and remedy stores sold in 2017. The company reported €693m of free cash flow in 2Q18 and reiterated FY guidance of €1.9bn with capex also coming in at €1.9bn in the full year. Ahold Delhaize generated €99m in synergy savings in 2Q18 and confirmed the target of €420m in cumulative net synergy savings in 2018, which includes €268m re...

Koninklijke Ahold Delhaize N.V.: Improving Earnings in Q1 Supports Credit Quality

CORPORATES ISSUER COMMENT 12 May 2017 Contacts Vincent Gusdorf, CFA 33-1-5330-1056 VP-Senior Analyst [email protected] Thomas Le Guay 33-1-5330-1028 Associate Analyst [email protected] Koninklijke Ahold Delhaize N.V. Improving Earnings in Q1 Supports Credit Quality On 10 May,  Koninklijke Ahold Delhaize N.V.  (Ahold Delhaize, Baa2 positive) reported good results for the f

Koninklijke Ahold Delhaize N.V. - January 2017 (LTM): Peer Snapshot

Peer Snapshot: Koninklijke Ahold Delhaize N.V. - January 2017 (LTM) 31 March 2017 (in US millions) FYE Dec-14 FYE Jan-16 LTM Jan-17 FYE Jan-15 FYE Jan-16 LTM Jan-17 FYE Dec-14 FYE Dec-15 LTM Jun-16

Koninklijke Ahold Delhaize N.V.: Update to Discussion of Key Credit Factors

CORPORATES CREDIT OPINION 22 February 2017 Update RATINGS Koninklijke Ahold Delhaize N.V. Domicile Amsterdam, Netherlands Long Term Rating Baa2 Type LT Issuer Rating Outlook Positive Please see the ratings section at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Vincent Gusdorf 33-1-5330-1056

Alain William ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Delphine Brault
  • Fehmi Ben Naamane
  • Jean Sassus
  • Johanna Jourdain
  • Laurence Hofmann
  • Louis Boujard, CFA
  • Michael Foundoukidis
  • Olfa Taamallah
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/08/2020

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Alain William ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Delphine Brault
  • Fehmi Ben Naamane
  • Jean Sassus
  • Johanna Jourdain
  • Laurence Hofmann
  • Louis Boujard, CFA
  • Michael Foundoukidis
  • Olfa Taamallah
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 08/05/2020

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Alfred Glaser ...
  • Delphine Brault
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Jerôme Bodin
  • Laurence Hofmann
  • Samantha Jeary

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/08/2020

A state of rational panic has overtaken the world and the real economy. Investors are envisaging a worst-case scenario, whereby businesses very survival is under threat. We have set this scenario to music. Over and above the temporary effect of the shutdown of the construction industry, the stimulus plans announced in many countries are unlikely to enable a return to the 2019 level in 2021. We prefer the groups with the most solid balance sheets. We have upgraded our recommendations f...

Alfred Glaser ...
  • Delphine Brault
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Jerôme Bodin
  • Laurence Hofmann
  • Samantha Jeary

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 08/04/2020

Une panique rationnelle a désormais gagné le monde et l’économie réelle. Les investisseurs envisagent le scénario du pire, dans lequel la pérennité des entreprises est menacée. Nous avons mis en musique ce scénario. Au-delà de l’effet temporaire de la mise à l’arrêt de l’industrie de la construction, les plans de relance annoncés dans de nombreux pays ne devraient pas permettre de retrouver le niveau de 2019 en 2021. Nous favorisons les sociétés aux bilans les plus solides. Nous relev...

Alexandre Iatrides ...
  • Alfred Glaser
  • Delphine Brault
  • Jean Danjou
  • Laurence Hofmann

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/11/2020

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KON.AHOLD DLHZ.NV loses on its star level and is downgraded to Slightly Positive

The independent financial analyst theScreener just slightly lowered the general evaluation of KON.AHOLD DLHZ.NV (NL), active in the Food Retailers & Wholesalers industry. The title has lost a star(s) at the fundamental level and now shows 3 out of 4 stars. Its exposure to market risk remains nonetheless the same and can be still described as defensive. theScreener slightly downgrades the general evaluation to Slightly Positive for the title on account of the lost star(s). As of the analysis date June 30, 2020, the closing price was EUR 24.26 and its potential was estimated at EUR 26.29.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Ahold Delhaize – AGM 08 April 2020

In general, Ahold Delhaize is in compliance with the Dutch regulations relating to the organisation and procedures of the Annual General Meeting.   Under ITEM 9 approval is sought for the Company's remuneration policy. The maximum variable compensation, corresponding to 503% of annual base salary (150% ST and 353% LT), is in excess of ECGS' guidelines. ECGS therefore recommends to vote OPPOSE.   Under ITEM 16 it is proposed to elect Mr. Kevin Holt to the executive board and to make an individual exception to the Company's remuneration policy. Although it has no concerns over the re-electio...

Expert Corporate Governance Service (ECGS)

Ahold Delhaize April 10th, 2019

In general, Ahold Delhaize is in compliance with the Dutch regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEM 9, it is proposed to newly appoint Ms. Katie Doyle as Member of the supervisory board. Although she is considered independent, ECGS has concerns over her aggregate time commitments. Ms. Doyle is currently already serving as CEO of Swanson Health Products (substantial non-listed company) and non-executive director of Bernis Company Inc. (listed). Taking into account her proposed appointment at Ahold Delhaize (listed), the number of mandate...

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