Ahold Delhaize: underlying EPS up 35% in 2020
(CercleFinance.com) - Ahold Delhaize has reported underlying EPS that is up 35.
3% (excluding currency effects) at 2.26 euros for 2020, above the consensus, for an underlying operating margin that has improved by 0.8 point to 4.8%.
The Belgian-Dutch food retailer's sales exceeded 74.7 billion euros, up 12.5% like-for-like, including growth of 14.4% in the US and 9.6% in Europe.
For FY 2021, Ahold Delhaize's management expects mid-to-high single-digit growth in underlying EPS compared with 2019, as well as an underlying operating margin of at least 4%.
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