86 US stores sold to clear FTC

Ahold (BUY, TP EUR24) Delhaize and Ahold announced the divestment of 86 US stores to receive merger clearance from […]

Ahold (Neutral, TP EUR19)

Strong Q4 trading statement  Ahold sales increased ahead of our expectations in Q4 by 21.4% to EUR9.78bn of […]

Ahold (Neutral, TP EUR18)

Results in line, guidance confirmed Q3 sales increased by 13% to EUR8.44bn and 1.7% on constant forex, driven […]

Ahold (Neutral, TP EUR16)

Mixed Q1 results  (click for PDF with full financials) Ahold Q1 results came in slightly below our expectations […]

Ahold (Neutral) and Delhaize (Buy) 

Exploring potential combination Ahold and Delhaize today confirmed preliminary talks to explore the opportunity of combining the two entities. Given […]

Ahold (Neutral, TP EUR16)

Margin pressure continues  (click for file with full financials) Full-year results slightly below expectations: Group revenues were confirmed up 0.5% […]

Margin pressure remains

Ahold (Neutral, from Underperform, TP EUR16) Ahold posted FY results slightly below our expectations due to continuing margin pressure in […]