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Koninklijke Ahold Delhaize NV
AEX:AD

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Koninklijke Ahold Delhaize NV Logo
Koninklijke Ahold Delhaize NV
AEX:AD
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Price: 35.98 EUR -0.88% Market Closed
Market Cap: €31.8B

Koninklijke Ahold Delhaize NV
Investor Relations

Koninklijke Ahold Delhaize is a grocery retail company that sells food, drinks, and everyday household items through supermarkets and online stores. Its main customers are ordinary households that buy groceries for daily use, and it also serves shoppers looking for pharmacy, convenience, and private-label products in its store networks. The company makes money mainly by selling products directly to consumers, both in physical stores and through e-commerce. It also earns income from its own branded goods, which usually give it better control over pricing and shelf space than selling only third-party brands. What makes Ahold Delhaize important in retail is that it sits close to the end customer but also controls a large part of the shopping experience, from store layout and pricing to fulfillment and delivery. That gives it a practical role in the food supply chain: it buys products from manufacturers and farmers, then turns them into a convenient one-stop shopping service for local communities.

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Last Earnings Call
Fiscal Period
Q1 2023
Call Date
May 10, 2023
AI Summary
Q1 2023

Sales Growth: Net sales rose over 6% to EUR 21.6 billion, with comparable sales up 6.2% in Q1 2023.

Margin Performance: Group underlying operating margin was 4%, down 20 basis points versus last year, but U.S. margin improved while Europe was pressured by energy costs and strikes.

EPS: Diluted underlying earnings per share increased by 10.5% to EUR 0.61.

Strong U.S. Performance: U.S. business saw robust growth and margin gains, helped by improved supply chain control and higher online sales.

European Headwinds: Elevated energy costs and strikes in Belgium weighed on European margins, but impact is expected to moderate over the year.

Delhaize Belgium Transformation: Company is converting 128 company-owned stores to affiliate model to ensure long-term viability; all stores have reopened after strikes.

2023 Guidance Reaffirmed: Management reiterated full-year guidance, expecting positive momentum and ongoing resilience.

Cost Savings: EUR 1 billion 'Save for Our Customer' and Accelerate initiatives highlighted as key for funding competitiveness and margins.

Key Financials
Net Sales
EUR 21.6 billion
Comparable Sales Growth
6.2%
Underlying Operating Margin
4%
Diluted Underlying Earnings Per Share
EUR 0.61
U.S. Underlying Operating Margin
4.8%
Europe Underlying Operating Margin
2.8%
U.S. Sales Growth
5.7%
U.S. Comparable Sales ex Gas
6.2%
U.S. Online Sales Growth
11.9%
U.S. Grocery Online Penetration Rate
8.5%
Europe Sales Growth
7.2%
Europe Comparable Sales
6.1%
Europe Comparable Sales ex Belgium Strike
7.7%
Europe Online Sales Growth
4.6%
bol.com Gross Merchandise Value
EUR 1.3 billion
bol.com Advertising Services Partner Growth
13%
bol.com Logistics Network Volume Increase
5 percentage points
Free Cash Flow
EUR 21 million
Earnings Call Recording
Other Earnings Calls

Management

Ms. M. Jolanda Poots-Bijl RC
CFO & Member of Management Board
No Bio Available
Mr. JJ Fleeman
CEO of Ahold Delhaize USA & Member of Management Board
No Bio Available
Mr. Ben Wishart
Global Chief Information Officer
No Bio Available
Mr. John-Paul O'Meara
Senior VP & Head of Investor Relations
No Bio Available
Mr. Jan Ernst C. de Groot
Chief Sustainability Officer & Chief Legal Officer
No Bio Available
Ms. Maria Verheij
Global Head of Communications
No Bio Available
Ms. Natalia Wallenberg
Chief Human Resources Officer
No Bio Available
Mr. Jesper Lauridsen
Chief Operating Officer of CSE Region
No Bio Available
Ms. Gorica Jovovic
President of Delhaize Serbia
No Bio Available
Jan-Willem Dockheer
President of Delhaize Serbia Business Unit
No Bio Available

Contacts

Address
NOORD-HOLLAND
Zaandam
Provincialeweg 11
Contacts
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