Ahold Delhaize: Q2 earnings down
(CercleFinance.com) - Ahold Delhaize has reported Q2 2019 underlying EPS of 0.
35 euro, down 8.2% at constant exchange rates, with an underlying operating margin of 3.6%, against 4.3% in Q2 2018.
The Belgo-Dutch food distributor - which has a strong presence in the United States - saw its revenues increase by 5% to 16.3 billion euros, up 1.5% at constant exchange rates, with performance penalised by the impact of strikes.
Confirming its annual targets presented three months ago, Ahold Delhaize has set its interim dividend at 0.30 euro per share for H1 2019, representing 40% of the underlying EPS of this period.
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