Ahold Delhaize: raises FY EPS target

(CercleFinance.com) - Ahold Delhaize has said that it expects 2018 underlying EPS from continuing operations at the upper end of its previous target range, which ranged from 1.
50 euro to 1.60 euro, with free cash flow of over two billions euros.

Over FY 2018, the Belgian/Dutch food retailer - which has a big presence in the US - posted revenues of 62.8 billion euros, up 2.5% at constant exchange rates.

At 16.5 billion euros, Q4 sales are up 3% at constant exchange rates, including a 2.7% increase in the US of on a like-for-like basis, excluding petrol sales.


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