Ahold had in the second quarter, unchanged burden of stiff competition and the economy among consumers, who along with unfavorable exchange rates, earnings and revenue showed decline. That Ahold Thursday informed at the presentation of the quarterly figures. Investors put the share Thursday morning about 2.5 percent in the min. We put the responses of analysts in a row.
The results of Ahold in the second quarter largely met expectations. The underlying operating profit and the development of comparable sales in the United States and the Netherlands were slightly disappointing. Concluded that analysts Rabobank Thursday.
The reported Ahold decrease in sales volumes and margin pressure in the core markets met expectations, according to Rabobank. Underlying operating profit and the development of comparable sales in the United States and the Netherlands too, according to the bank to be light.
View the current price of Ahold
analyst Marco Gulpers ING regretted that Ahold was unable to take advantage of the beautiful weather and the World Cup. The market share in the Netherlands remained stable only because of new stores, he said. The prevailing consensus that the comparable sales this year with 0.1 percent growth is no longer sustainable. According to the analyst
Weak momentum
KBC worries over the weak momentum in sales of Ahold. The Belgian bank pointed out in this regard that competition on both sides of the Atlantic remains solid. The bank uses as ING and Rabobank Keeping advice.
Theodoor Gilissen Ahold uses a Buy recommendation. According to analyst Joost van Beek, the price of Ahold will in the short term are constrained by the disappointing earnings under pressure.
“We will also somewhat reduce our valuations. Nevertheless, the share our view attractively valued based on the extended outlook for earnings per share. “This is also the case that the number of shares decreased due to the share buyback, explains the analyst. Also, the analyst positive thanks to the solid financial position, the dividend yield of 3.9 percent and high free cash flow.
Belegger.nl/ANP
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