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AD Koninklijke Ahold Delhaize NV

-0.38 (-1.32%)
Last Updated: 16:24:16
Delayed by 15 minutes

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Share Name Share Symbol Market Type
Koninklijke Ahold Delhaize NV EU:AD Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.38 -1.32% 28.45 28.445 28.45 28.745 28.435 28.74 772,479 16:24:16

Royal Ahold Delhaize Reports Forecast-Beating 4Q Net Profit

15/02/2023 7:32am

Dow Jones News

Koninklijke Ahold Delhai... (EU:AD)
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By Ian Walker


Royal Ahold Delhaize NV on Wednesday reported a 28% rise in fourth-quarter net profit, beating forecasts, and said it expects underlying EPS for th year ahead to be around 2022 levels.

The Dutch grocer made a net profit for the quarter of EUR809 million, compared with EUR634 million for the year-earlier period and a consensus of EUR589 million, taken from the company's website.

Net sales rose to EUR23.36 billion from EUR20.15 billion the prior year, a rise 8.1% on a constant-exchange basis. This compares with a consensus of EUR23.29 billion.

Like-for-like U.S. net sales excluding gas rose 9.3%, while European sales climbed 5.7%, the company said.

Quarterly underlying earnings per share--which strips out exceptional and other one-off items--rose to 72 European cents from 59 European cents, up 14% on a constant-exchange basis, it said. For the year as a whole underlying EPS rose 7.9% at constant exchange rates to EUR2.55

The board has declared a dividend of EUR1.05 a share, up from 95 European cents in 2021.


Write to Ian Walker at ian.walker@wsj.com


(END) Dow Jones Newswires

February 15, 2023 02:17 ET (07:17 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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