Ahold Delhaize N.V. : Another solid quarterly update with a strong recovery in Europe’s margin
>Underlying EBIT ahead of consensus, attributable to Europe mainly - Ahold Delhaize reported net sales of € 22,003m in Q3 2024, compared with our forecast of € 22,134m and consensus of € 21,912m. Underlying EBIT came in at € 855m (ABNe: € 851m, consensus: € 837m). Underlying EBIT profitability was 3.9% (ABNe and consensus: 3.8%). Comparable growth amounted to 1.2% in the US (ABNe: 1.3%, consensus: 1.0%), and 1.6% in Europe (ABNe: 1.5%, consensus: 1.0%). Group underlyi...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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