BRIEF-Ahold Delhaize Expects 2025 Operating Margin Of Around 4%

Feb 12 (Reuters) - Koninklijke Ahold Delhaize NV AD.AS:

• Q4 NET SALES WERE EUR 23.3 BILLION, UP 0.6% AT CONSTANT EXCHANGE RATES AND UP 1.0% AT ACTUAL EXCHANGE RATES

• Q4 UNDERLYING OPERATING MARGIN WAS 4.1%, A DECREASE OF 0.2 PERCENTAGE POINTS

• 2025 OUTLOOK: UNDERLYING OPERATING MARGIN OF AROUND 4%; MID- TO HIGH-SINGLE-DIGIT UNDERLYING EPS GROWTH

• 2025 OUTLOOK: FREE CASH FLOW OF AT LEAST EUR 2.2 BILLION; AND GROSS CAPITAL EXPENDITURES OF AROUND EUR 2.7 BILLION

• 2024 FULL YEAR IFRS OPERATING INCOME WAS EUR 2,784 MILLION

• MANAGEMENT PROPOSES A CASH DIVIDEND OF EUR 1.17 FOR FULL YEAR 2024

• IN U.S., WE SAW VOLUMES RETURN TO POSITIVE TERRITORY, CAPPED OFF BY STRONG HOLIDAY SALES

• U.S. SEGMENT DELIVERED AN UNDERLYING OPERATING MARGIN IN LINE WITH Q3

Source text: https://tinyurl.com/yc97r94w

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