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. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Retail Shrink and ORC: Retailers Ramp Up Rollout of Anti-Theft Technologies; Shoplifting Offenses in England and Wales Reach Two-Decade HighHoliday 2023: UK Retail Wrap-Up—December Downturn Unlikely To Herald Renewed RetrenchmentRetail Around the World: International Women’s Day 2023Five Strategies for Success in US Grocery Retail: Leveraging First-Party Data To Offer a Connected Shopping Experience
