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.
Belgian-Dutch supermarket company Ahold Delhaize has fired Denis Knoops, CEO of the Belgian Delhaize branch. He pays the price for his division’s weak performances and will be replaced by Xavier Piesvaux.
Over the past few months, Ahold Delhaize’s share had to deal with plenty of setbacks, mainly because of Amazon’s competition. Investor group VEB says the supermarket company has listed a few outcomes for the Belgo-Dutch group.
Belgian-Dutch supermarket group Ahold Delhaize has had a very good second quarter, with the company thinking last year's merger could result in lower costs than previously anticipated. On the other hand, Belgium's performance is still weak.
Both Ahold Delhaize and Colruyt suffered blows on the stock exchange as it seems like investors have completely lost faith in supermarket shares. However, they are not all alike, because Ahold Delhaize seems to bounce back, unlike Colruyt.