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BRIEF-Ahold Delhaize Raises 2021 Underlying EPS, Group Net Consumer Online Sales Outlook

05/12/2021 01:52
BRIEF-Ahold Delhaize Raises 2021 Underlying EPS, Group Net Consumer Online Sales Outlook

- Koninklijke Ahold Delhaize NV AD.AS:

  • AHOLD DELHAIZE REPORTS SOLID Q1 RESULTS WITH AN ACCELERATED TWO-YEAR COMPARABLE SALES GROWTH RATE; RAISES FULL-YEAR EARNINGS GUIDANCE

  • Q1 EARNINGS PER SHARE EUR 0.53

  • Q1 SALES EUR 18.3 BILLION

  • RAISING 2021 UNDERLYING EPS AND GROUP NET CONSUMER ONLINE SALES OUTLOOK; EXPECT UNDERLYING EPS TO GROW IN LOW- TO MID-TEEN RANGE VERSUS 2019 AND GROUP NET CONSUMER ONLINE SALES TO GROW OVER 40% VERSUS PRIOR YEAR

  • REG-AHOLD DELHAIZE REPORTS SOLID Q1 RESULTS WITH AN ACCELERATED TWO-YEAR COMPARABLE SALES GROWTH RATE**; RAISES FULL-YEAR EARNINGS GUIDANCE

  • Q1 DILUTED EARNINGS PER SHARE 0.53 EUR

  • Q1 NET SALES WERE EUR 18.3 BILLION, UP 5.8% IN Q1 AT CONSTANT EXCHANGE RATES

  • IN Q1, COVID-19 PANDEMIC CONTINUED TO IMPACT LOCAL COMMUNITIES AND BRANDS OF AHOLD DELHAIZE, RESULTING IN APPROXIMATELY EUR 150 MILLION SPENT TO SUPPORT CUSTOMERS, ASSOCIATES AND COMMUNITIES WITH COVID-19 RELIEF CARE

  • Q1 IFRS-REPORTED OPERATING INCOME WAS EUR 828 MILLION IN Q1; IFRS-REPORTED DILUTED EPS WAS EUR 0.53

  • Q1 COMPANY-PROVIDED CONSENSUS: NET SALES EUR 17.4 BILLION, OPERATING INCOME EUR 735 MILLION, NET INCOME EUR 494 MILLION

  • AHOLD DELHAIZE'S IFRS-REPORTED Q1 NET INCOME AT EUR 550 MILLION

Source text for Eikon: ID:nGNX51DrL6

Further company coverage: AD.AS


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