Ahold Delhaize : Not adequately rewarded for solid results and realistic outlook
>We reiterate our Outperform and € 28 TP - Ahold Delhaize reported solid 2020 results, with both top-line growth and underlying EBIT beating both our estimates and consensus. The group’s free cash flow performance was also excellent and beat even the highest forecasts, despite the € 609m cash-out that was spent on resolving several pension positions. The group’s dividend proposal of € 0.90 implies the steepest increase ever in the dividend, and the group remains full...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.