Ahold Delhaize reports strong EPS growth and free cash flow generation in the fourth quarter
2020年2月12日 - 3:45PM
Ahold Delhaize reports strong EPS growth and free cash flow
generation in the fourth quarter
- EPS of €0.50 with underlying EPS of €0.52 in Q4; underlying EPS
up 17.1% in Q4 and 8.4% in 2019
- Net sales were €17.4 billion, up 3.1% in Q4 and up 2.3% in 2019
at constant exchange rates
- Net consumer online sales grew 30.1% in Q4 and 28.6% in 2019 at
constant exchange rates
- Operating income was €749 million in Q4 and
€2.7 billion in 2019
- Underlying operating margin was 4.4% in Q4 and 4.2% in
2019
- U.S. comp sales growth excl. gas accelerated to +2.3%, with
online sales growth of 42.7%* in Q4
- 2019 free cash flow was €1.8 billion, in line with our guidance
outlook
* at constant exchange rates
Zaandam, the Netherlands, February 12, 2020 – Ahold Delhaize,
one of the world’s largest food retail groups and a leader in both
supermarkets and eCommerce, reports fourth quarter results
today.
Frans Muller, President and CEO of Ahold Delhaize, said: "We
ended the year on a high note, with strong group performance in the
fourth quarter. We exceeded our full-year 2019 guidance outlook for
underlying earnings per share and met our free cash flow guidance.
We posted 17.1% growth in underlying earnings per share from
continuing operations in the fourth quarter, resulting in an
increase of 8.4% for the full year, above our full-year guidance of
low-single-digit growth. We also generated €1.8 billion in
free cash flow in 2019, achieving our guidance outlook, despite
significantly stepping up capital investments in order to drive
long-term growth in our business.
"In the U.S., comparable sales growth excluding gasoline
accelerated to 2.3% during the quarter, and was 2.6% excluding the
net impact from a weather benefit last year. We were encouraged to
see the two-year stacked comparable sales growth, adjusted for
weather, also accelerated to 5.0% in the fourth quarter versus 4.5%
in the third quarter of 2019. Our online sales growth in the U.S.
accelerated to 42.7% at constant exchange rates in the fourth
quarter, and we met our 2019 guidance outlook of over 20% growth,
building upon our position as the leading omnichannel operator on
the East Coast. Performance at Food Lion and Hannaford was
particularly strong. While Stop & Shop's comparable sales
excluding gasoline improved over the last quarter, they remained
slightly negative due to a challenging sales environment. That
said, our ‘Re-imagine Stop & Shop’ program continues to build
momentum with sales in Long Island, and now Hartford, performing in
line with our expectations. In 2020, we expect to remodel another
65 Stop & Shop stores across the brand’s footprint.
"In the Netherlands, we saw strong comparable sales growth of
4.3% during the quarter. Market share at Albert Heijn was up
significantly year over year in the fourth quarter, an improving
trend over previous quarters. Net consumer online sales for the
segment were up 27.5%. At bol.com, our online retail platform in
the Benelux, net consumer sales grew by 28.7%. In Belgium,
comparable sales excluding calendar impacts were up modestly, and
we gained market share during the quarter. Our Central and
Southeastern Europe segment saw 3.6% comparable sales growth
excluding gasoline.
"We continue to make progress on the execution of our Leading
Together strategy. We exceeded our guidance for our Save for Our
Customers program in 2019, generating €709 million in savings
compared to our guidance of €600 million. As a result, we have
raised our goal to €1.9 billion in cumulative savings through 2021,
compared to our previous target of €1.8 billion. We remain on track
to reach our goal of doubling net consumer online sales to €7
billion by 2021. As detailed in a separate press release, we have
decided to discontinue our small U.S. Midwest online grocery sales
operation, though we remain committed to extending our leading
position in the larger East Coast omnichannel operation. We expect
U.S. online sales growth to accelerate to 30% or more in 2020, with
a total of nearly 1,000 click-and-collect points by the end of
2020, up from 692 in 2019.
"Although we will make significant investments in 2020 to drive
long-term growth, we expect group underlying operating margin in
2020 to be broadly in line with 2019. We expect mid-single-digit
growth in underlying EPS in 2020."
Cautionary notice
This press release contains information that qualifies as inside
information within the meaning of Article 7(1) of the EU Market
Abuse Regulation.
This communication includes forward-looking statements. All
statements other than statements of historical facts may be
forward-looking statements. Words and expressions such as:
guidance, outlook, long-term, continues, expectations, 2020,
expect, trend, strategy, goal, 2021, remain, on track, to be,
constant, are planning, to arrive at, anticipate, is, should, would
be, to be, will be, commitments and contingencies, if and when, due
on, until, for a period of at least five years, from time to time,
or other similar words or expressions are typically used to
identify forward-looking statements.
Forward-looking statements are subject to risks, uncertainties
and other factors that are difficult to predict and that may cause
the actual results of Koninklijke Ahold Delhaize N.V. (the
“Company”) to differ materially from future results expressed or
implied by such forward-looking statements. Such factors include,
but are not limited to, risks relating to the Company’s inability
to successfully implement its strategy, manage the growth of its
business or realize the anticipated benefits of acquisitions; risks
relating to competition and pressure on profit margins in the food
retail industry; the impact of economic conditions on consumer
spending; turbulence in the global capital markets; natural
disasters and geopolitical events; climate change; raw material
scarcity and human rights developments in the supply chain;
disruption of operations and other factors negatively affecting the
Company’s suppliers; the unsuccessful operation of the Company’s
franchised and affiliated stores; changes in supplier terms and the
inability to pass on cost increases to prices; risks related to
corporate responsibility and sustainable retailing; food safety
issues resulting in product liability claims and adverse publicity;
environmental liabilities associated with the properties that the
Company owns or leases; competitive labor markets, changes in labor
conditions and labor disruptions; increases in costs associated
with the Company’s defined benefit pension plans; the failure or
breach of security of IT systems; the Company’s inability to
successfully complete divestitures and the effect of contingent
liabilities arising from completed divestitures; antitrust and
similar legislation; unexpected outcomes in the Company’s legal
proceedings; additional expenses or capital expenditures associated
with compliance with federal, regional, state and local laws and
regulations; unexpected outcomes with respect to tax audits; the
impact of the Company’s outstanding financial debt; the Company’s
ability to generate positive cash flows; fluctuation in interest
rates; the change in reference interest rate; the impact of
downgrades of the Company’s credit ratings and the associated
increase in the Company’s cost of borrowing; exchange rate
fluctuations; inherent limitations in the Company’s control
systems; changes in accounting standards; adverse results arising
from the Company’s claims against its self-insurance program; the
Company’s inability to locate appropriate real estate or enter into
real estate leases on commercially acceptable terms; and other
factors discussed in the Company’s public filings and other
disclosures.
Forward-looking statements reflect the current views of the
Company’s management and assumptions based on informationcurrently
available to the Company’s management. Forward-looking statements
speak only as of the date they are made, and the Company does not
assume any obligation to update such statements, except as required
by law.
- Ahold Delhaize_Q4 2019 Summary Report
Koninklijke Ahold Delhai... (EU:AD)
過去 株価チャート
から 9 2024 まで 10 2024
Koninklijke Ahold Delhai... (EU:AD)
過去 株価チャート
から 10 2023 まで 10 2024