Ahold Delhaize announces the launch of its 'Growing Together' strategy, with ambitions for the period 2025-28, including outperforming the traditional grocery market with average annual net sales growth of 4%.

The Belgian-Dutch food retailer also aims to maintain an industry-leading underlying operating margin of 4% on average, and to increase underlying EPS to an average annual rate in the high single-digit range compared with 2024.

Free cash flow generation (after tax) of nine billion euros should enable the company to make annual share buy-backs worth one billion euros, and to increase the dividend per share on an annual basis within its target payout corridor.

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