Ahold announces $1.1 billion in buybacks, targets $11.44 billion sales for 2025


By Jaime Llinares Taboada

Koninklijke Ahold Delhaize NV said Monday that it will aim to grow sales by 10 billion euro ($11.44 billion) by 2025, and will launch a EUR1 billion share-buyback program at the beginning of 2022.

As part of its investor day presentation, the Dutch grocer provided a set of targets for 2025. It will seek to maintain industry-leading margins whilst doubling online sales and delivering high single-digit annual underlying earnings-per-share growth.

In the shorter term, Ahold Delhaize also plans to buy back EUR1 billion of shares in 2022. Moreover, the company expects 2022 sales to grow despite macroeconomic headwinds, with an operating margin of at least 4.0%.

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

This article was originally published by Marketwatch.com. Read the original article here.

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