Ahold Delhaize: Q1 EPS up 10%
(CercleFinance.com) - Ahold Delhaize has reported Q1 2023 underlying EPS that is up 10.
5% at E0.61, with an underlying operating margin that is down 0.2% to 4% on sales that are up 9.4% to E21.6bn (+6.3% at constant exchange rates).
Management said that strong performance is largely thanks to performance in the US, which partially offset the increase in energy costs in Europe and the impact of the strikes in Belgium.
The Belgo-Dutch group reiterates its outlook for 2023, including an underlying operating margin of at least 4%, underlying EPS at around 2022 levels, and free cash flow of around two billion euros.
The
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5% at E0.61, with an underlying operating margin that is down 0.2% to 4% on sales that are up 9.4% to E21.6bn (+6.3% at constant exchange rates).
Management said that strong performance is largely thanks to performance in the US, which partially offset the increase in energy costs in Europe and the impact of the strikes in Belgium.
The Belgo-Dutch group reiterates its outlook for 2023, including an underlying operating margin of at least 4%, underlying EPS at around 2022 levels, and free cash flow of around two billion euros.
The
Copyright (c) 2023 CercleFinance.com. All rights reserved.