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Ahold (AMS: AH) FY15 Results: Revenue and Earnings Beat Expectations

Executive Summary

  • Ahold reported FY15 diluted EPS of €1.02, an increase of 52.2% year over year and above the consensus estimate of €1.00. The company reported that revenue increased by 16.6%, to €38.2 billion, above consensus of €37.7 billion.
  • Underlying EBIT increased by 15.3%, to €1.5 billion, above the consensus estimate of €1.4 billion, while net income increased by 43.3%, to €851.0 million, beating consensus of €844.7 million.
  • Ahold’s revenue in FY15 was sustained by strong sales momentum in the Netherlands, a favorable holiday season, strong online performance and market share gains in the New York metro area. For FY16, Ahold expects underlying EBIT to continue growing in line with FY15 EBIT.

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