Ahold Delhaize

Koninklijke Ahold Delhaize is an international group of supermarket and foodservice operators based in Europe and the U.S. Co. operates supermarkets and convenience stores. In addition, Co. provides online food retailing services. Co. also finances, develops and manages store sites and shopping centers. Ahold Europe comprises Albert Heijn in the Netherlands and Belgium; Etos, Gall & Gall, and albert.nl in the Netherlands; and Albert / Hypernova in the Czech Republic and Slovakia. Ahold USA is organized into four retail divisions: Giant Carlisle, Giant Landover, Stop & Shop New England, and Stop & Shop New York Metro. The Peapod online business is also part of Ahold USA.
  • TickerAH
  • ISINNL0011794037
  • ExchangeEuronext Amsterdam
  • SectorFood & Drug Retailers
  • CountryNetherlands

Analysts

Christian Guyot

INVEST SECURITIES - KONINKLIJKE AHOLD DELHAIZE : Modèle vertueux en mal de reconnaissance - ACHAT, OC 24€

Alain William ...
  • Alexandre Iatrides
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Harald Eggeling
  • Jean Sassus
  • Johanna Jourdain
  • Laurence Hofmann
  • Louis Boujard
  • Matthias Desmarais
  • Nicolas David
  • Olivier Lebrun
  • Philippe Ourpatian
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/09/2019

...

Alain William ...
  • Alexandre Iatrides
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Harald Eggeling
  • Jean Sassus
  • Johanna Jourdain
  • Laurence Hofmann
  • Louis Boujard
  • Matthias Desmarais
  • Nicolas David
  • Olivier Lebrun
  • Philippe Ourpatian
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 09/05/2019

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Koninklijke Ahold Delhaize N.V.: Improving Earnings in Q1 Supports Credit Quality

CORPORATES ISSUER COMMENT 12 May 2017 Contacts Vincent Gusdorf, CFA 33-1-5330-1056 VP-Senior Analyst [email protected] Thomas Le Guay 33-1-5330-1028 Associate Analyst [email protected] Koninklijke Ahold Delhaize N.V. Improving Earnings in Q1 Supports Credit Quality On 10 May,  Koninklijke Ahold Delhaize N.V.  (Ahold Delhaize, Baa2 positive) reported good results for the f

Koninklijke Ahold Delhaize N.V. - January 2017 (LTM): Peer Snapshot

Peer Snapshot: Koninklijke Ahold Delhaize N.V. - January 2017 (LTM) 31 March 2017 (in US millions) FYE Dec-14 FYE Jan-16 LTM Jan-17 FYE Jan-15 FYE Jan-16 LTM Jan-17 FYE Dec-14 FYE Dec-15 LTM Jun-16

Koninklijke Ahold Delhaize N.V.: Update to Discussion of Key Credit Factors

CORPORATES CREDIT OPINION 22 February 2017 Update RATINGS Koninklijke Ahold Delhaize N.V. Domicile Amsterdam, Netherlands Long Term Rating Baa2 Type LT Issuer Rating Outlook Positive Please see the ratings section at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Vincent Gusdorf 33-1-5330-1056

Christian Guyot

INVEST SECURITIES - KONINKLIJKE AHOLD DELHAIZE : Modèle vertueux en mal de reconnaissance - ACHAT, OC 24€

Clement Genelot

AHOLD DELHAIZE: US and group margin erosion on the cards | NEUTRAL | EUR21,6 vs. EUR21,9

AHOLD DELHAIZE - NEUTRAL | EUR21,6 vs. EUR21,9 (+3%) US and group margin erosion on the cards Heading towards a challenging Q2 in the US One-off impact of strikes hides a larger impact on cost inflation We are now more pessimistic about margin erosion in the US Neutral confirmed, FV lowered to EUR21.6

Laurence Hofmann

Ahold Delhaize : Q1 2019 results in line – the group has substantial leeway to manage the cost inflation in its sector

>Q1 2019 results: in line with expectations thanks to the US - Ahold Delhaize’s consolidated sales totalled € 15,878m in Q1 2019, +6.3% reported and +1.5% at constant currency (cc) (vs +1.1%e). LFL growth (excl. the calendar effect) of 1.9% (vs +2.8% in Q4 2018 and +2.4% for FY 2018). Online sales: +23% to € 757m (4.8% of consolidated figure with Bol.com) incl. +13% in the US and +20% in the Netherlands. Underlying EBIT of € 695m, +6.8% reported and +1.4% organic, in ...

Laurence Hofmann

Ahold Delhaize : T1 2019 en ligne – le groupe dispose de bonnes marges de manœuvre pour gérer l’inflation des coûts dans son secteur

>Résultats du T1 2019 : en ligne avec les attentes grâce aux USA - Les ventes consolidées d’Ahold Delhaize se sont établies à 15 877 M€ au T1 2019, en progression de 6.3% en déclaré et +1.5% à taux de changes constants (vs +1.1%e). Croissance en LFL (hors calendaire) de 1.9% (vs +2.8% au T4 2018 et +2.4% pour l’exercice 2018). Ventes on-line : +23% à 757 M€ (4.8% du consolidé avec Bol.com) dont +13% aux Etats-Unis et +20% aux Pays-Bas. EBIT courant de 695 M€, +6.8% en...

Ioannis Pontikis

Morningstar | Ahold Reports In-Line 1Q Results, Confirms Lowered Guidance After U.S. Strikes; Shares Fairly Valued

No-moat Ahold Delhaize reported first-quarter results largely in line with our expectations and consensus, with sales up 1.5% at constant exchange rates and underlying EBIT margin flat (versus the same period last year) at 4.4%, while free cash flow was down at negative EUR 136 million, affected by Easter timing, capital expenditures, and higher taxes paid. Management confirmed the lowered fiscal 2019 guidance, provided April 23 (including U.S. strikes, which will negatively affect U.S. operating margins in fiscal 2019 by $90 million-$100 million, in line with our estimates), of low-single-dig...

1 director sold

A director at Koninklijke Ahold Delhaize Nv sold 100,000 shares at 22.770EUR and the significance rating of the trade was 80/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. Th...

Alain William ...
  • Alexandre Iatrides
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Harald Eggeling
  • Jean Sassus
  • Johanna Jourdain
  • Laurence Hofmann
  • Louis Boujard
  • Matthias Desmarais
  • Nicolas David
  • Olivier Lebrun
  • Philippe Ourpatian
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/09/2019

...

Alain William ...
  • Alexandre Iatrides
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Harald Eggeling
  • Jean Sassus
  • Johanna Jourdain
  • Laurence Hofmann
  • Louis Boujard
  • Matthias Desmarais
  • Nicolas David
  • Olivier Lebrun
  • Philippe Ourpatian
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 09/05/2019

...

Alfred Glaser ...
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emmanuel Matot
  • Jerôme Bodin
  • Laurence Hofmann
  • Martial Descoutures
  • Michael Foundoukidis
  • Pierre Tegner
  • Pierre Corby
  • Roland Pfaender
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 24/04/2019

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Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Laurence Hofmann
  • Louis Boujard
  • Philippe Ourpatian
  • Roland Pfaender
  • Samantha Jeary
  • Virginie Rousseau
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/19/2019

...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Laurence Hofmann
  • Louis Boujard
  • Philippe Ourpatian
  • Roland Pfaender
  • Samantha Jeary
  • Virginie Rousseau
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 19/03/2019

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KON.AHOLD DLHZ.NV sees an upgrade to Positive due to a better fundamental star rating

The general evaluation of KON.AHOLD DLHZ.NV (NL), a company active in the Food Retailers & Wholesalers industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date March 22, 2019, the closing price was EUR 23.63 and its potential was estimated at EUR 25.06.

Ahold Delhaize

Ahold Delhaize

Ahold Delhaize

Ahold Delhaize

ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Nadège Tillier

Coffee, Croissants & Credit/Ahold Delhaize and E.ON

Consumer Products: • Ahold Delhaize (ADNA) reported 2Q18 and interim results this morning, which we believe to be spread neutral. Net sales in the second quarter of €15.5bn were in line with consensus and were up 0.9% at constant FX or 2.4% when adjusting for Easter and remedy stores sold in 2017. The company reported €693m of free cash flow in 2Q18 and reiterated FY guidance of €1.9bn with capex also coming in at €1.9bn in the full year. Ahold Delhaize generated €99m in synergy savings in 2Q18 and confirmed the target of €420m in cumulative net synergy savings in 2018, which includes €268m re...

MarketLine Department

Metro AG - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Metro AG - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments Marketline's Metro AG Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Metro AG since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by a...

Expert Corporate Governance Service (ECGS)

Ahold Delhaize April 10th, 2019

In general, Ahold Delhaize is in compliance with the Dutch regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEM 9, it is proposed to newly appoint Ms. Katie Doyle as Member of the supervisory board. Although she is considered independent, ECGS has concerns over her aggregate time commitments. Ms. Doyle is currently already serving as CEO of Swanson Health Products (substantial non-listed company) and non-executive director of Bernis Company Inc. (listed). Taking into account her proposed appointment at Ahold Delhaize (listed), the number of mandate...

Valérie GASTALDY

Analyse court terme - AHOLD DELHAIZE NV : La tendance est haussière.

La tendance est haussière. Les cours progressent encore, mais la tendance s'affaiblit. La prochaine résistance est à 20,400 €. La rupture de 18,766 € mettrait la tendance en danger.

Valérie GASTALDY

Short term view - AHOLD DELHAIZE NV : The trend is bullish.

The trend is bullish. Prices are still making progress but the trend is slowing down. The next resistance is at €20.400. The break of €18.766 would endanger the trend.

Valérie GASTALDY

Short term view - AHOLD DELHAIZE NV : The trend is bullish.

The trend is bullish. The current fall looks like a consolidation. The support at €18.766 could cause a bullish reaction towards €20.400. The break of €18.766 would endanger the trend.

Valérie GASTALDY

Analyse court terme - AHOLD DELHAIZE NV : La tendance est haussière.

La tendance est haussière. La baisse en cours s'apparente à une consolidation. Le support à 18,766 € pourrait relancer le mouvement haussier vers 20,400 €. La rupture de 18,766 € mettrait la tendance en danger.

Valérie GASTALDY

Analyse moyen terme - AHOLD DELHAIZE NV : La correction gagne en vigueur.

La tendance de fond est clairement orientée à la hausse. La correction en cours gagne en vigueur. Il est trop tôt pour parler de retournement baissier. La tendance serait invalidée sous le support à 18,800 €.

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