Ahold Delhaize N.V. : When cancelling the noise, Q3 2023 fully confirmed the investment case
>Europe strong, US weak for reasons we expect to fade - Ahold Delhaize’s Q3 2023 underlying EBIT were 2% lower than consensus. Within that, the European operations did well. However, the US operations disappointed, both for top-line growth and underlying EBIT profitability. Growth in the US was held back by the effect of the termination of the government support programme, with an impact that was stronger than Ahold Delhaize had expected. US profits were impacted by h...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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