Ahold Delhaize N.V. : Real underlying EBIT 3% below our forecasts (1% below cons.) in Q4 2023
>Strong top-line growth, but estimated € 94m one-off benefit in Q4 2023 EBIT - Ahold Delhaize reported sales of € 23,023m, EBIT of € 996m (margin: 4.3%) and EPS of € 0.73 in Q4 2023. Our forecasts were € 22,762m, € 931m (4.1%) and € 0.63, respectively. Consensus was € 22,934m, € 913m (4.0%) and € 0.62, respectively. Comparable sales growth was -1.0% in the US and 6.5% in Europe (ABN: -1.0% and 4.3%, consensus: -1.1% and 5.1%). EBIT profitability was 5.2% in the US and...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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