Ahold Delhaize: beats consensus in 1st quarter
(CercleFinance.com) - Ahold Delhaize publishes results from continuing operations up 14.
4% to 407 million euros for the first quarter of 2018, totalling earnings per share of 0.34 euros and exceeding analysts' average estimates by one cent.
The Belgian-Dutch food retailer improved its operating margin by 0.2 points to 4% for revenues of over 14.9 billion euros, down 5.9% in published data but up 2.5% at constant exchange rates.
Ahold Delhaize boasts 100 million euros in net accumulated synergy over the course of the quarter and says that it is well on the way to achieving 750 million of gross synergies horizon 2019, 250 million of which will be reinvested in its brands.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
4% to 407 million euros for the first quarter of 2018, totalling earnings per share of 0.34 euros and exceeding analysts' average estimates by one cent.
The Belgian-Dutch food retailer improved its operating margin by 0.2 points to 4% for revenues of over 14.9 billion euros, down 5.9% in published data but up 2.5% at constant exchange rates.
Ahold Delhaize boasts 100 million euros in net accumulated synergy over the course of the quarter and says that it is well on the way to achieving 750 million of gross synergies horizon 2019, 250 million of which will be reinvested in its brands.
Copyright (c) 2018 CercleFinance.com. All rights reserved.