Ahold Delhaize : Marked favourable COVID-19 impact in the US in Q1. Despite additional costs anticipated for Q2, our 2020 EBIT estimates raised 3.5%
>Q1 2020 results: EBIT 10% above forecasts - Consolidated sales: € 18.2bn, +14.7% on a reported basis and +12.7% organic (in line with forecasts and the indications issued by the group at the beginning of April).Consolidated LFL: +12.5%, of which +14.6% in the US and +9.3% in Europe.Online sales: +30% to € 1bn, of which + 42.3% in the US and +24.8% in Europe.Adjusted operating profit: € 961m, +38.3% on a reported basis +35.7% organic, 13% above our fore...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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