Ahold Delhaize (ENXTAM: AD) 4Q18 and FY18 Results: Merger Synergies Continue to Boost Profits

Executive Summary

• Ahold Delhaize reported FY18 net sales of €62.8 billion, up 2.5% at constant exchange rates, and slightly above the consensus estimate of €62.5 billion by S&P Capital IQ.
• The company reported diluted EPS from continuing operations of €1.52, up 6.3% year over year and above the consensus estimate of €1.49 by CapitalIQ.
• Ahold Delhaize expects underlying earnings per share from continuing operations to grow by high single digits as a percentage compared to last year.