Ahold Delhaize Aims to Grow Sales by EUR10 Billion by 2025
15 November 2021 - 8:46AM
Dow Jones News
By Jaime Llinares Taboada
Koninklijke Ahold Delhaize NV said Monday that it will aim to
grow sales by 10 billion euro ($11.44 billion) by 2025, and will
launch a EUR1 billion share-buyback program at the beginning of
2022.
As part of its investor day presentation, the Dutch grocer
provided a set of targets for 2025. It will seek to maintain
industry-leading margins whilst doubling online sales and
delivering high single-digit annual underlying earnings-per-share
growth.
In the shorter term, Ahold Delhaize also plans to buy back EUR1
billion of shares in 2022. Moreover, the company expects 2022 sales
to grow despite macroeconomic headwinds, with an operating margin
of at least 4.0%.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
November 15, 2021 02:31 ET (07:31 GMT)
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