Insight Report 4 minutes PremiumAhold Delhaize (ENXTAM: AD) 2Q17 Results: Dutch Sales and Merger Synergy Savings Boost Performance Coresight Research August 10, 2017 Executive Summary Ahold Delhaize reported 2Q17 revenues of €16,121 million, up by 67.3% from 2Q16 in reported currency (+64.6% at constant rates). The jump in reported revenues is due to the merger of Ahold and Delhaize in July 2016. Pro forma 2Q17 revenues, which represent the entirety of the merged group, were €16,044 million, up by 3.4% in reported currency (+1.8% at constant currency) and slightly above the consensus estimate of €16,011 million. The gross margin fell by 70 basis points, SG&A as a percentage of sales slid by 80 bps and the operating margin was flat. Diluted EPS leapt by 12.0% to €0.28 during 2Q17, slightly above the consensus estimate of €0.27. Ahold Delhaize upheld its target of realizing €220 million in net synergies by the end of FY17, of which €22 million was realized in FY16. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Weekly US and UK Store Openings and Closures Tracker 2023, Week 50: VF Corporation Boosts US OpeningsHome Depot Investor and Analyst Conference 2023: Three Key Growth OpportunitiesWeekly US and UK Store Openings and Closures Tracker 2023, Week 4: UK Closures Down 29%August 2023 Monthly Consumer Update: US, UK and China