Report
Fernand de Boer

Ahold Delhaize - Taking the lead in Romania

AD more than doubles its size in Romania through the acquisition of Profi Rom Food, adding some EUR 2.5bn in sales.  Transaction will be financed by debt and is not expected to have a material impact on capital allocation and capital return policies. We expect the acquisition to lift our 2025 sales estimates by 3%, EBIT estimate by 3-4% and underlying EPS by 1-2%, Hold maintained.
Underlying
Koninklijke Ahold Delhaize N.V.

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.

Provider
Degroof Petercam
Degroof Petercam

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Analysts
Fernand de Boer

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