'Nice set' of Q1 figures drives Ahold Delhaize shares higher
** Shares in Ahold Delhaize AD.AS rise around4% as the supermarket group beat Q1expectations and confirmed its full-year guidance, helped by improvements in its European performance
** The group reported an underlying operating income margin of 4% for the January-March period, above the 3.8% expected by analysts polled by the company
** Sales reached 21.72 billion euros in the quarter, slightly above a consensus of 21.53 billion euros
** "Small beat, comforting confirmation of 2024 guidance," ING says in a note, adding headwinds in the U.S. show a first sign of easing, while in Belgium the first benefits can be seen from the structural changes made in 2023
** KBC, which says the group has reported a "nice set" of Q1 results, notes it expects the first quarter to be the softest quarter of 2024 for the group
Reporting by Diana Mandiá
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
