Company Earnings Update 6 minutesRegister for Free AccessAhold Delhaize (AD) 1H16 RESULTS: REVENUES AND NET PROFIT UP, INTEGRATION ON COURSE Coresight Research August 26, 2016 Executive Summary Ahold reported 1H16 revenues of €20,720 million, up 3.7% from €19,977 million in 1H15. Net income grew by 10.3% to €450 million, and diluted EPS grew by 10.2% to €0.54. Sales in the US grew by 3.1% at constant currency, in the Netherlands by 4.8% and in the Czech Republic by 0.1%, also at constant currency. Delhaize Group reported 1H16 revenues of €12,439 million, up 4.2% from €11,934 million in 1H15. Net income grew by 69.4% from €134 million in 1H15 to €227 million in 1H16. Southeastern Europe saw the highest rise in revenue, 14.9%, since 1H16. Operating profit grew by 51.3% there, mainly due to strong sales in Greece and Romania and effective cost control. Ahold Delhaize is confident it will reach its synergy target of €500 million on an annual run-rate basis by mid-2019. The company expects a positive impact of €30 million to the operating income during the second half of FY16, from merger synergies. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Holiday Survey Bites: Resale Shopping and Secondhand SellingFlipkart Big Billion Days 2024 Preview: Fast Delivery and Increased Sustainability To Boost SalesFebruary 2023 Monthly Consumer Update: US, UK and ChinaInnovator Profile: Carbon Maps Address Crucial Environmental Concerns in the Food Industry