Ahold Delhaize 4Q Underlying Operating Profit Rises on Higher Revenue
17 Février 2021 - 8:38AM
Dow Jones News
By Matteo Castia
Koninklijke Ahold Delhaize NV reported Wednesday a rise in
underlying operating profit for the fourth quarter of 2020 on
higher revenue.
The Dutch grocer made an underlying operating profit of 811
million euros ($981.8 million) for the quarter, 11% higher than in
the year-earlier period. Coronavirus-related costs amounted to
EUR210 million in the fourth quarter and EUR680 million in the
whole of 2020, it added.
Net sales rose to EUR19.60 billion from EUR17.38 billion the
prior year. Analysts had forecast the figure to stand at EUR18.59
billion.
The board declared a yearly dividend of 90 European cents, up
from 76 European cents a year earlier.
Full-year underlying operating profit and revenue came in at
EUR3.59 billion and EUR74.74 billion, respectively.
The company said it remains committed to its EUR1 billion share
buyback program, but that the initiative will continue to remain
subject to macroeconomic developments and changes in corporate
activities such as large acquisitions.
Ahold Delhaize added that it expects continued significant
uncertainty this year due to the pandemic.
Write to Matteo Castia at matteo.castia@dowjones.com
(END) Dow Jones Newswires
February 17, 2021 02:23 ET (07:23 GMT)
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