(RTTNews) – Ahold Delhaize N.V. (ADRND.PK, AHODF.PK), a Dutch retail and wholesale holding firm, on Wednesday reported weak revenue in its fourth quarter, regardless of development in web gross sales and comparable gross sales. The corporate additional lifted dividend, and launched outlook for 2025 with projected development in gross sales and earnings, consistent with its Rising Collectively strategic ambitions.
Within the fourth quarter, web revenue fell 15.6 p.c to 380 million euros from final 12 months’s 451 million euros. Earnings per share had been 0.41 euro, down 12.7 p.c from 0.47 euro a 12 months in the past.
Underlying earnings per share had been 0.69 euro, in comparison with 0.73 euro a 12 months earlier. Underlying EBITDA fell 1.1 p.c from final 12 months to 1.84 billion euros.
Internet gross sales for the quarter, nevertheless, grew 1 p.c to 23.28 billion euros from prior 12 months’s 23.05 billion euros. Internet gross sales edged up 0.6 p.c at fixed trade charges.
Comparable gross sales excluding gasoline elevated by 1.4 p.c for Ahold Delhaize, up 1.4 p.c within the U.S. and 1.2 p.c in Europe.
Additional, the corporate proposed a money dividend of 1.17 euros per share for the complete 12 months 2024, which is a 6.4 p.c improve in comparison with the earlier 12 months. If permitted by the Basic Assembly of Shareholders, a remaining dividend of 0.67 euros per share will probably be paid on April 24.
Wanting forward, for fiscal 2025, Ahold Delhaize tasks underlying earnings per share development within the mid- to high-single digits, and underlying working margin to be round 4 p.c.
Margins will probably be supported by Save for Our Clients program, by means of which the agency expects to attain over 1.25 billion euros in financial savings in 2025.
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