Belgian-Dutch merger group Ahold Delhaize has had a decent first quarter, thanks to a Belgian turnaround, a good performance in the United States and strong online growth. Unfavourable exchange rates did spoil the party somewhat.
Romanian supermarket chain Mega Image, part of Belgian-Dutch Ahold Delhaize, has opened a new concept store in the centre of Bucharest. The store claims to offer a new level of shopping experience in the heart of the city.
Belgian-Dutch retail group Ahold Delhaize did publish strong fourth quarter results, but its Belgian branch Delhaize failed to live up to expectations. The remodeled board will therefore propose a new strategy in the next few months.
Belgian-Dutch retail group Ahold Delhaize has posted decent fourth quarter results, mainly thanks to excellent performances by Dutch subsidiaries Albert Heijn and Bol.com. Delhaize is holding steady in Belgium, but performs well in the US.
Ahold Delhaize has bought back 10.6 million euros’ worth of shares between 27 and 29 December 2017, the last phase of a billion euro buyback operation. The next operation will be twice as large, worth 2 billion euro.
Stock exchange analysts are a fan of European supermarket chains again. The fear for Amazon is an exaggeration and the food industry has received too much negativity, according to fund managers’ forecast of 2018.
Ahold Delhaize generated more profit in the third quarter thanks to better-than-expected synergies. Delhaize Belgium has improved, but still lags behind: a closer collaboration with Albert Heijn should help boost performance.