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MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  Ahold Delhaize N.V.    AD   NL0011794037

AHOLD DELHAIZE N.V.

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Real-time Quote. Real-time Euronext Amsterdam - 01/22 11:35:53 am
23.64 EUR   -0.34%
01/19Ahold Delhaize share buyback update
GL
01/15AHOLD DELHAIZE : JP Morgan reiterates its Neutral rating
MD
01/14AHOLD DELHAIZE N : announces departure of Abbe Luersman as Chief Human Resources Officer
PU
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Ahold Delhaize N : Buys Majority of Delivery Company FreshDirect

11/18/2020 | 08:49pm EST

By Jaewon Kang

The owner of supermarkets including Giant and Stop & Shop said it would acquire a majority stake in grocery delivery company Fresh Direct LLC, expanding its U.S. presence as online ordering booms during the coronavirus pandemic.

Netherlands-based Koninklijke Ahold Delhaize NV said Wednesday that the deal will accelerate its growth online and around New York, where FreshDirect mainly operates.

"Delivery, to me, is here to stay," said Farhan Siddiqi, Ahold Delhaize's chief digital officer. He added that New York is among the most important regions for e-commerce because of its huge population and high rates of online shopping.

Private-equity firm Centerbridge Partners will become a minority investor in FreshDirect, with a 20% stake. The companies didn't disclose financial terms.

FreshDirect's sales have risen as the pandemic has pushed more consumers to shop for groceries online and eat most of their meals at home. Many people are visiting stores less frequently, augmenting those trips with online purchases from companies including FreshDirect, Amazon.com Inc.,'s Whole Foods Market chain or Instacart Inc.

FreshDirect is profitable today, said CEO David McInerney. San Francisco-based Instacart, one of the biggest grocery delivery companies, last month raised $200 million, giving it a valuation of $17.7 billion. The venture capital-backed company said its valuation has more than doubled since the start of the year, and that its order volume and workforce have increased.

Many grocers are relying on Instacart and other outside companies to pack and deliver orders. Some supermarkets are building small, automated warehouses near their stores to prepare online orders.

But making delivery profitable remains challenging. Retailers have said online purchases tend to be less profitable than those in stores because of the extra expenses associated with filling, packaging and delivering orders. Some are prioritizing pickup of orders placed online at their stores rather than delivery.

FreshDirect, which opened in New York 18 years ago, raised $189 million from investors led by J.P. Morgan Asset Management in 2016. The deal with Ahold Delhaize and Centerbridge Partners is expected to close in the first quarter of 2021, the companies said.

(END) Dow Jones Newswires

11-18-20 2048ET

All news about AHOLD DELHAIZE N.V.
01/19Ahold Delhaize share buyback update
GL
01/15AHOLD DELHAIZE : JP Morgan reiterates its Neutral rating
MD
01/14AHOLD DELHAIZE N : announces departure of Abbe Luersman as Chief Human Resources..
PU
01/12AHOLD DELHAIZE N : share buyback update January 12, 2021
PU
01/12Ahold Delhaize share buyback update
GL
01/08Grocers Step In to Speed Up Covid-19 Vaccine Rollout
DJ
01/06GLOBAL MARKETS LIVE: Moderna, Walgreens, Alibaba…
01/05AHOLD DELHAIZE N : Centerbridge Partners Complete FreshDirect Buy
MT
01/05Ahold Delhaize and Centerbridge Partners successfully complete acquisition of..
GL
01/04AHOLD DELHAIZE N : Unit Reaches Deal With American Unions Over Pension Funds
MT
More news
Financials
Sales 2020 73 440 M 89 369 M 89 369 M
Net income 2020 1 976 M 2 405 M 2 405 M
Net Debt 2020 11 553 M 14 059 M 14 059 M
P/E ratio 2020 12,4x
Yield 2020 3,88%
Capitalization 25 007 M 30 440 M 30 431 M
EV / Sales 2020 0,50x
EV / Sales 2021 0,51x
Nbr of Employees 380 000
Free-Float 96,2%
Chart AHOLD DELHAIZE N.V.
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Ahold Delhaize N.V. Technical Analysis Chart | MarketScreener
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Technical analysis trends AHOLD DELHAIZE N.V.
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 26,28 €
Last Close Price 23,64 €
Spread / Highest target 26,9%
Spread / Average Target 11,2%
Spread / Lowest Target -11,2%
EPS Revisions
Managers and Directors
NameTitle
Frans W. H. Muller President & Chief Executive Officer
Peter Agnefjall Chairman-Supervisory Board
Natalie M. Knight Chief Financial Officer
Ben Wishart Global Chief Information Officer
Beschier Jacob Noteboom Member-Supervisory Board
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