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Koninklijke Ahold Delhaize NV (AD.AS)

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Latest Key Developments (Source: Significant Developments)

Ahold Delhaize appoints Kevin Holt CEO of its U.S. businesses
Thursday, 7 Dec 2017 01:30pm EST 

Dec 7 (Reuters) - Koninklijke Ahold Delhaize Nv ::AHOLD DELHAIZE ANNOUNCES AHOLD DELHAIZE USA, A NEW PARENT COMPANY FOR ITS U.S. BUSINESSES; APPOINTS KEVIN HOLT CEO AHOLD DELHAIZE USA.  Full Article

Ahold Delhaize Q3 net income rises to 362 million euros
Wednesday, 8 Nov 2017 12:45am EST 

Nov 8 (Reuters) - KONINKLIJKE AHOLD DELHAIZE NV : :DELHAIZE AMERICA Q3 PRO FORMA NET SALES EUR 3.78 BILLION VERSUS EUR 3.77 BILLION IN REUTERS POLL.AHOLD USA Q3 PRO FORMA NET SALES EUR 5.43 BILLION VERSUS EUR 5.58 BILLION IN REUTERS POLL.BELGIUM Q3 PRO FORMA NET SALES NOT EUR 1.21 BILLION VERSUS EUR 1.21 BILLION YEAR AGO.Q3 NET SALES INCREASED BY 7.4% TO €15.1 BILLION (UP 10.9% AT CONSTANT EXCHANGE RATES)‍​.Q3 PRO FORMA NET SALES DECREASED BY 1.1% TO €15.1 BILLION (UP 2.1% AT CONSTANT EXCHANGE RATES)‍​.EXPECTS CUMULATIVE NET SYNERGIES FOR THE FULL YEAR OF 2017 TO INCREASE FROM €220 MILLION TO €250 MILLION‍​.Q3 PRO FORMA UNDERLYING OPERATING INCOME EUR ‍​595 MILLION VERSUS EUR 566 MILLION IN REUTERS POLL.Q3 IFRS NET INCOME EUR ‍​362 MILLION VERSUS EUR 235 MILLION YEAR AGO(REMOVES COMPARISON TO REUTERS POLL).REITERATES GUIDANCE OF €1.6 BILLION FREE CASH FLOW FOR THE FY 2017‍​.ANTICIPATES CAPITAL EXPENDITURE TO STEP UP TO €1.9 BILLION.NETHERLANDS Q3 PRO FORMA NET SALES EUR ‍​ 3.28 BILLION VERSUS EUR 3.28 BILLION IN REUTERS POLL.ANNOUNCED TODAY A NEW 12 MONTH €2 BILLION SHARE BUY BACK PROGRAM STARTING BEGINNING 2018.EXPECTS CUMULATIVE NET SYNERGIES FOR FY 2017 TO INCREASE FROM €220 MILLION TO €250 MILLION, INCLUDING €22 MILLION FROM 2016.CENTRAL AND SOUTHEASTERN EUROPE Q3 PRO FORMA NET SALES EUR ‍​1.43 BILLION VERSUS EUR 1.42 BILLION IN REUTERS POLL.REUTERS POLL Q3: PRO FORMA NET SALES EUR 15.18 BILLION.  Full Article

Ahold Delhaize reaches agreement on divestment process with Colruyt
Wednesday, 4 Oct 2017 08:48am EDT 

Oct 4 (Reuters) - KONINKLIJKE AHOLD DELHAIZE NV ::REACHES AGREEMENT ON FINAL TRANSACTION IN BELGIAN STORE DIVESTMENT PROCESS.DEAL REPRESENTS FINAL SALE IN MANDATORY STORE DIVESTMENT PROGRAM IN BELGIUM FOLLOWING MERGER OF AHOLD AND DELHAIZE GROUP‍​.AGREEMENT WITH RETAIL PARTNERS COLRUYT GROUP TO DIVEST ALBERT HEIJN GROENPLAATS LOCATION IN ANTWERP‍​.LOCATION WILL BE TRANSFERRED IN APPROXIMATELY ONE MONTH.  Full Article

Ahold Delhaize provides share buyback update
Tuesday, 19 Sep 2017 02:02am EDT 

Sept 19 (Reuters) - Koninklijke Ahold Delhaize Nv :Ahold Delhaize share buyback update.Has repurchased 1.05 million of Ahold Delhaize shares in period from September 11, 2017 up to & including September 15, 2017.Shares were repurchased at an average price of EUR 15.15 per share for a total consideration of EUR 15.9 million.Repurchases were made as part of EUR 1 billion share buyback program announced on December 7, 2016.  Full Article

Ahold Delhaize successfully prices inaugural 750 million euro bond
Tuesday, 12 Sep 2017 12:00pm EDT 

Sept 12 (Reuters) - KONINKLIJKE AHOLD DELHAIZE NV ::AHOLD DELHAIZE SUCCESSFULLY PRICES INAUGURAL €750 MILLION 7-YEAR EUROBOND.BONDS WERE SOLD AT AN ISSUE PRICE OF 99.474 PER CENT AND CARRY AN ANNUAL COUPON OF 0.875 PER CENT‍​.SENIOR UNSECURED BONDS WILL MATURE ON SEPTEMBER 19, 2024‍​.  Full Article

Ahold Delhaize announces leadership changes in Europe and Belgium
Friday, 8 Sep 2017 02:01am EDT 

Sept 8 (Reuters) - Koninklijke Ahold Delhaize Nv - :Ahold Delhaize announces leadership changes in Europe and Belgium.Wouter Kolk, brand president of Albert Heijn, to be named COO Europe and Indonesia effective January 1, 2019..Pierre Bouchut to retire in 2018.Xavier Piesvaux will be appointed brand president Delhaize Belgium and Luxembourg effective September 11, succeeding Denis Knoops.  Full Article

Ahold Delhaize Q2 net income increases by 68.2 pct to 355 million euros
Wednesday, 9 Aug 2017 12:45am EDT 

Aug 9 (Reuters) - KONINKLIJKE AHOLD DELHAIZE NV ::Q2 NET INCOME INCREASED BY 68.2% TO €355 MILLION (UP 66.5% AT CONSTANT EXCHANGE RATES)‍​.Q2 PRO FORMA UNDERLYING OPERATING INCOME INCREASED BY €64 MILLION TO €626 MILLION, UP 11.4%.Q2 NET SALES INCREASED BY 67.3% TO €16.1 BILLION (UP 64.6% AT CONSTANT EXCHANGE RATES).Q2 FREE CASH FLOW OF €400 MILLION, GUIDANCE OF €1.6 BILLION FOR FULL YEAR 2017 REITERATED.FOR THE FULL YEAR, WE EXPECT THAT THE UNDERLYING OPERATING MARGIN FOR THE GROUP WILL BE BROADLY IN LINE WITH THE FIRST HALF OF 2017.FOR THE FULL YEAR, REITERATES NET SYNERGY TARGET OF €220 MILLION, INCLUDING €22 MILLION REALIZED IN 2016.EXPECTS FREE CASH FLOW OF €1.6 BILLION FOR THE FULL YEAR AFTER €1.8 BILLION OF CAPITAL EXPENDITURE.PRO FORMA NET SALES AT AHOLD USA WERE UNCHANGED IN THE SECOND QUARTER AT CONSTANT EXCHANGE RATES‍​.FY INTEGRATION COSTS EXPECTED AT €380 MILLION, AND AN ADDITIONAL €70 MILLION ONE TIME CHARGE IS EXPECTED RELATED TO SETUP OF BRAND-CENTRIC ORGANIZATION IN US.CONTINUES TO INVEST IN ECOMMERCE, INCREASING WAREHOUSE CAPACITY, AND EXPECT NET CONSUMER ONLINE SALES OF €2.8 BILLION IN 2017.Q2 NETHERLANDS NET SALES EUR 3.43 BILLION VERSUS EUR 3.27 BLN YR AGO.IS WELL ON TRACK TO REALIZE NET CONSUMER ONLINE SALES OF NEARLY €5 BILLION IN 2020.IN NETHERLANDS PRO FORMA NET SALES OF €3,424 MILLION IN Q2, INCREASED BY 5.6% COMPARED WITH LAST YEAR‍​.IN BELGIUM IN THE SECOND QUARTER OF 2017, PRO FORMA NET SALES WERE €1,258 MILLION, UP 0.2% VERSUS LAST YEAR‍​.  Full Article

Ahold Delhaize Q1 net income increased by 72.8 pct to 356 million euros
Wednesday, 10 May 2017 01:12am EDT 

May 10 (Reuters) - KONINKLIJKE AHOLD DELHAIZE NV ::REPORTS HIGHER MARGINS WITH STRONG SYNERGY DELIVERY AND RESILIENT SALES.Q1 PRO FORMA UNDERLYING OPERATING INCOME INCREASED BY EUR 45 MILLION TO EUR 604 MILLION ($657.8 MILLION), UP 8.1 PCT.Q1 NET INCOME INCREASED BY 72.8 PCT TO EUR 356 MILLION (UP 68.2 PCT AT CONSTANT EXCHANGE RATES).Q1 NET SALES EUR 15.9 BILLION VERSUS EUR 9.6 BILLION YEAR AGO.IN THE FIRST QUARTER OF 2017, PRO FORMA NET SALES IN BELGIUM WERE EUR 1,181 MILLION, DOWN 1.1 PCT VERSUS LAST YEAR, WITH COMPARABLE SALES GROWTH DOWN 0.6 PCT.IN THE FIRST QUARTER OF 2017, PRO FORMA NET SALES IN CENTRAL & SOUTHEASTERN EUROPE INCREASED BY 4.4 PCT TO EUR 1,375 MILLION AT CONSTANT EXCHANGE RATES.IN THE FIRST QUARTER OF 2017, PRO FORMA NET SALES AT AHOLD USA DECREASED BY 1.4 PCT AT CONSTANT EXCHANGE RATES TO EUR 5,969 MILLION.IN THE FIRST QUARTER OF 2017, PRO FORMA NET SALES AT DELHAIZE AMERICA INCREASED BY 0.1 PCT TO EUR 3,943 MILLION AT CONSTANT EXCHANGE RATES.FOR THE FIRST QUARTER OF 2017, PRO FORMA NET SALES IN NETHERLANDS WERE EUR 3,298 MILLION, AN INCREASE OF 3.9 PCT COMPARED WITH LAST YEAR.IN THE UNITED STATES, WE EXPECT SALES PERFORMANCE TO IMPROVE IN THE SECOND QUARTER AND TO OPERATE IN A SLIGHTLY INFLATIONARY ENVIRONMENT IN THE SECOND HALF OF THE YEAR.REITERATES TARGET OF REALIZING EUR 220 MILLION NET SYNERGIES, INCLUDING EUR 56 MILLION REALIZED YEAR TO DATE.EXPECTS FULL YEAR 2017 UNDERLYING OPERATING MARGIN FOR THE GROUP WILL INCREASE COMPARED TO 2016.  Full Article

Ahold Delhaize reports progress on store divestments
Thursday, 23 Mar 2017 12:45pm EDT 

Koninklijke Ahold Delhaize NV : Reports progress on store divestments, gives update on Belgium strategy . Belgian subsidiaries have reached agreements to divest four stores and one project in Belgium . Carrefour has agreed to buy one Albert Heijn store and two Delhaize affiliated stores, as well as one project .Independently and separately, an independent supermarket entrepreneur has agreed to buy one store from Albert Heijn.  Full Article

Ahold Delhaize expects price deflation in U.S. to phase out in H2 - conf call
Wednesday, 1 Mar 2017 04:30am EST 

Koninklijke Ahold Delhaize Nv : Says it sees some wage inflation but it is very manageable - conference call . On Belgium: transformation plan has not resonated back on integrated stores yet - conference call . Says it expects price deflation in u.s. To phase out in second half of year - conference call . Says main competitive impact from Walmart is in Pennsylvania area and slightly in part of Virginia - conference call Further company coverage: [AD.AS] (Gdynia Newsroom:) ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 09 20;)).  Full Article