Financials Ahold Delhaize N.V.

Equities

Real-time Euronext Amsterdam Other stock markets 01:08:04 15/07/2025 pm IST			5-day change	1st Jan Change
35.27 ^EUR	-0.34%		+0.92%	+12.00%

10/07	AHOLD DELHAIZE : Barclays remains Neutral	ZD
10/07	Ahold Delhaize Names New Chief Technology Officer	MT

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	74,736	75,601	86,984	88,649	89,356	92,658	94,438	97,268
Change	-	1.16%	15.06%	1.91%	0.8%	3.7%	1.92%	3%
EBITDA ¹	6,435	6,335	7,161	7,066	7,083	7,298	7,437	7,681
Change	-	-1.55%	13.04%	-1.33%	0.24%	3.04%	1.9%	3.29%
EBIT ¹	3,594	3,331	3,728	3,604	3,608	3,655	3,771	3,929
Change	-	-7.32%	11.92%	-3.33%	0.11%	1.29%	3.18%	4.19%
Interest Paid ¹	-485	-518	-552	-546	-562	-628.6	-631.3	-626.5
Earnings before Tax (EBT) ¹	1,706	2,803	3,216	2,300	2,222	3,003	3,107	3,281
Change	-	64.3%	14.73%	-28.48%	-3.39%	35.14%	3.46%	5.61%
Net income ¹	1,397	2,246	2,546	1,874	1,764	2,345	2,460	2,596
Change	-	60.77%	13.36%	-26.39%	-5.87%	32.96%	4.87%	5.54%
Announcement Date	17/02/21	16/02/22	15/02/23	14/02/24	12/02/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	19,103	17,826	19,600	18,264	18,645	18,545	20,148	19,774	21,445	22,407	23,359	21,624	22,068	21,934	23,023	21,728	22,349	22,003	23,276	23,276	22,947	22,562	23,590
Change	-	-6.68%	9.95%	-6.82%	2.09%	-0.54%	8.64%	-1.86%	8.45%	4.49%	4.25%	-7.43%	2.05%	-0.61%	4.96%	-5.62%	2.86%	-1.55%	5.79%	0%	-1.41%	-1.67%	4.55%
EBITDA ¹	1,725	-	1,529	1,569	1,562	1,568	1,635	1,636	1,728	1,886	-	1,736	1,764	1,706	1,861	1,721	1,811	1,710	1,841	1,818	1,802	1,728	1,837
Change	-	-	-	2.62%	-0.45%	0.38%	4.27%	0.06%	5.62%	9.14%	-	-	1.61%	-3.29%	9.09%	-7.52%	5.23%	-5.58%	7.66%	-1.25%	-0.86%	-4.1%	6.31%
EBIT ¹	1,009	813	811	849	832	812	838	829	880	993	1,026	864	904	839	996	861	933	855	958	890	913.2	880.2	985.8
Change	-	-19.43%	-0.25%	4.69%	-2%	-2.4%	3.2%	-1.07%	6.15%	12.84%	3.32%	-15.79%	4.63%	-7.19%	18.71%	-13.55%	8.36%	-8.36%	12.05%	-7.1%	2.61%	-3.62%	11.99%
Charge d'intérêts ¹	-108	-124	-	-139	-123	-127	-129	-137	-145	-144	-	-161	-152	-146	-128	-144	-141	-138	-139	-	-165	-	-
Earnings before Tax (EBT)	895	-	-	-	-	-	-	-	-	-	-	-	-	-	547	659	649	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20.48%	-1.52%	-	-	-	-	-	-
Net income ¹	693	68	-9	-	540	522	634	546	603	589	809	561	468	394	451	513	499	372	380	554	578.2	548	623.2
Change	-	-90.19%	-113.24%	-	-	-3.33%	21.46%	-13.88%	10.44%	-2.32%	37.35%	-30.66%	-16.58%	-15.81%	14.47%	13.75%	-2.73%	-25.45%	2.15%	45.79%	4.36%	-5.22%	13.74%
Announcement Date	05/08/20	04/11/20	17/02/21	12/05/21	11/08/21	10/11/21	16/02/22	11/05/22	10/08/22	09/11/22	15/02/23	10/05/23	09/08/23	08/11/23	14/02/24	08/05/24	07/08/24	06/11/24	12/02/25	06/05/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	11,434	13,946	14,416	14,267	14,129	15,339	15,318	15,088
Change	-	21.97%	3.37%	-1.03%	-0.97%	8.56%	-0.14%	-1.5%
Announcement Date	17/02/21	16/02/22	15/02/23	14/02/24	12/02/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	2,659	2,371	2,490	2,434	2,299	2,684	2,759	2,842
Change	-	-10.83%	5.02%	-2.25%	-5.55%	16.76%	2.79%	3.01%
Free Cash Flow (FCF) ¹	2,199	1,618	2,188	2,425	2,545	2,158	2,289	2,333
Change	-	-26.42%	35.23%	10.83%	4.95%	-15.19%	6.05%	1.95%
Announcement Date	17/02/21	16/02/22	15/02/23	14/02/24	12/02/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	8.61%	8.38%	8.23%	7.97%	7.93%	7.88%	7.87%	7.9%
EBIT Margin (%)	4.81%	4.41%	4.29%	4.07%	4.04%	3.94%	3.99%	4.04%
EBT Margin (%)	2.28%	3.71%	3.7%	2.59%	2.49%	3.24%	3.29%	3.37%
Net margin (%)	1.87%	2.97%	2.93%	2.11%	1.97%	2.53%	2.6%	2.67%
FCF margin (%)	2.94%	2.14%	2.52%	2.74%	2.85%	2.33%	2.42%	2.4%
FCF / Net Income (%)	157.41%	72.04%	85.94%	129.4%	144.27%	92.02%	93.06%	89.89%
Profitability
ROA	5.91%	5.24%	5.4%	3.89%	3.54%	4.82%	5.03%	5.12%
ROE	18.31%	17.3%	17.48%	16.25%	15.69%	15.17%	15.36%	15.77%
Financial Health
Leverage (Debt/EBITDA)	1.78x	2.2x	2.01x	2.02x	1.99x	2.1x	2.06x	1.96x
Debt / Free cash flow	5.2x	8.62x	6.59x	5.88x	5.55x	7.11x	6.69x	6.47x
Capital Intensity
CAPEX / Current Assets (%)	3.56%	3.14%	2.86%	2.75%	2.57%	2.9%	2.92%	2.92%
CAPEX / EBITDA (%)	41.32%	37.43%	34.77%	34.45%	32.46%	36.78%	37.1%	37%
CAPEX / FCF (%)	120.92%	146.54%	113.8%	100.37%	90.33%	124.38%	120.55%	121.81%
Items per share
Cash flow per share ¹	5.917	5.288	6.104	6.694	6.671	6.493	6.763	7.153
Change	-	-10.63%	15.42%	9.66%	-0.34%	-2.66%	4.16%	5.77%
Dividend per Share ¹	0.9	0.95	1.05	1.1	1.17	1.166	1.248	1.349
Change	-	5.56%	10.53%	4.76%	6.36%	-0.36%	7.1%	8.05%
Book Value Per Share ¹	11.65	13.35	15.48	15.6	16.92	17.42	18.59	20.01
Change	-	14.55%	16%	0.74%	8.46%	2.98%	6.71%	7.65%
EPS ¹	1.3	2.17	2.54	1.94	1.89	2.623	2.823	3.008
Change	-	66.92%	17.05%	-23.62%	-2.58%	38.79%	7.62%	6.56%
Nbr of stocks (in thousands)	10,47,005	10,14,615	9,77,353	9,60,753	9,20,494	9,07,832	9,07,832	9,07,832
Announcement Date	17/02/21	16/02/22	15/02/23	14/02/24	12/02/25	-	-	-