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Ahold Delhaize: margins increasing thanks to synergies.

(CercleFinance.com) - Ahold Delhaize has announced "strong financial performance" in the third quarter, as margins increased significantly, driven by synergies following the merger.

The Dutch-based retailer reported a pro forma underlying operating margin which increased to 3.9%, up 40 basis points compared to the third quarter of 2016.

On a pro forma basis, net sales fell by 1.1% to 15.1 billion euros, but were up 2.1% at constant exchange rates.

The group said it generated 426 million euros over the past quarter and reiterated its guidance for free cash flow of 1.6 billion euros over the full year 2017.

Its shares are currently up 4.5% at 16.9 euros on Euronext Amsterdam after these results were announced.

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