Ahold Delhaize Sales Up 2.8% In Fourth Quarter
Ahold Delhaize has posted pro-forma net sales of €15.5 billion in the fourth quarter of its financial year – a 2.8% increase at constant exchange rates.
In the Netherlands, comparable sales were up 6.6%, driven by ‘assortment innovations and improved service in our supermarkets’, according to the group, as well as a strong performance for online channel Bol.com.
Market share for the Albert Heijn banner was up ‘slightly’, compared to the same period last year.
However, in Belgium, sales were down 0.9% for the period, ‘when comparing to a strong fourth quarter in 2015.’ Market share for the Delhaize operation ‘remained stable’.
Comparable sales were down 0.2% at Ahold USA, while Delhaize America posted a comparable sales growth of 2.2%.
For full-year 2016, the group saw pro-forma net sales of €62.3 billion, which is up 3.4% at constant exchange rates and adjusted for week 53 in 2016.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. To subscribe to ESM: The European Supermarket Magazine, click here.