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Ahold Delhaize has resumed its share buyback program, initially announced on October 12, 2021. The execution of this program begins today and aims for completion by year-end 2021. This strategic move is anticipated to enhance shareholder value by potentially increasing earnings per share (EPS). The company emphasizes that forward-looking statements made regarding this buyback are subject to risks and uncertainties.
Ahold Delhaize announced significant plans during its Investor Day, focusing on digital investments and sustainability. The company aims for €10 billion in sales growth by 2025 and expects to double net online sales. A potential sub-IPO of bol.com is also on the agenda to fuel growth and secure funding. They are committed to achieving net-zero emissions by 2040. Additional plans include a €1 billion share buyback program, while maintaining a projected operating margin of ≥ 4.0% in 2022 despite macroeconomic challenges.
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Ahold Delhaize reported a strong Q3 2021 with group net sales reaching €18.5 billion, up 4.6% at constant exchange rates. Comparable sales in the U.S. grew 2.9% and 15.3% on a two-year basis. Online consumer sales surged by 29.2%. Q3 diluted underlying EPS increased by 8.1% to €0.53. The company raised its 2021 outlook for underlying operating margin to approximately 4.4% and free cash flow to about €1.7 billion, reflecting operational resilience and strategic investments. The strong performance despite market challenges underscores Ahold Delhaize's solid business model.
Ahold Delhaize has repurchased 593,977 common shares between October 4 and October 8, 2021, at an average price of €29.09 per share, totaling €17.3 million. This action is part of its €1 billion share buyback program initiated on November 4, 2020. To date, the company has repurchased 29,565,599 shares for €725 million. The program is set to resume shortly after the current closed period concludes, reinforcing the company’s commitment to enhancing shareholder value.
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