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.


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