Ahold Delhaize: stock in demand after Q3 results
(CercleFinance.com) - Ahold Delhaize shares are up nearly 7% in Amsterdam today, boosted by the publication of underlying EPS that rose 7% to E0.
62 for Q3 2024, with an underlying operating margin improving 0.1 point to 3.9%.
Sales for the Belgo-Dutch retail group rose by 0.2% to E22bn, with LFL sales excluding petrol up 1.4%, with increases of 1.2% in the US and 1.6% in Europe.
It reiterates its outlook for FY 2024, including underlying EPS at levels close to 2023, an underlying operating margin of at least 4% and FCF of around E2.3bn.
On this occasion, Ahold Delhaize is announcing a share buyback program worth E1bn to start at the beginning of 2025, underlining its confidence in the direction of its business for the coming year, management said.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
62 for Q3 2024, with an underlying operating margin improving 0.1 point to 3.9%.
Sales for the Belgo-Dutch retail group rose by 0.2% to E22bn, with LFL sales excluding petrol up 1.4%, with increases of 1.2% in the US and 1.6% in Europe.
It reiterates its outlook for FY 2024, including underlying EPS at levels close to 2023, an underlying operating margin of at least 4% and FCF of around E2.3bn.
On this occasion, Ahold Delhaize is announcing a share buyback program worth E1bn to start at the beginning of 2025, underlining its confidence in the direction of its business for the coming year, management said.
Copyright (c) 2024 CercleFinance.com. All rights reserved.