Ahold Delhaize : “Exceptional†Q1 2020 cannot be extrapolated. 2020 guidance confirmed
>Q1 2020: exceptional sales +15%e, EBIT > +18% est. (margin >10bp est.) - On the eve of its AGM, Ahold Delhaize’s CEO wished to provide the financial market with some clarifications.Q1 2020 results (due to be published 7 May) will be largely boosted by the COVID-19 crisis due to household food stock-piling (in anticipation of the period of confinements in both the US and Europe).The group estimates that its Q1 2020 sales will be up 15% (of which 13% organic)...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.
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