Ahold Delhaize Sees Sales Marginally Up In Second Quarter
Dutch retailer Ahold Delhaize has posted a 0.9% increase in net sales (at constant exchange rates) in the second quarter of its financial year, to €15.5 billion.
Net profit stood at €410 million, which was an increase of 20.0% at constant exchange rates, with the group also reporting strong free cash flow for the period, of €693 million (up €293 million), due to improved working capital.
“During the second quarter of 2018, our business continued to perform well, and we remain on track with the execution of our strategy, building great local brands and strengthening our leading positions in our major markets, both in our stores and online,” commented Frans Muller, the group’s chief executive.
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