News Muncher - searching for quarter

Supermarket group Ahold Delhaize made more profit on a higher turnover in the third quarter of the year. In Europe, the company saw growth return despite a difficult comparison base with a year earlier when the company performed excellently. For the full year, Ahold Delhaize expects double-digit profit growth, up from previous expectations of 4 to 6 percent. The group …

Online retailer Bol.com’s IPO will not happen this year as planned. Parent company Ahold Delhaize decided to shelve its plans to sub-IPO Bol.com until “market conditions are more conducive,” the company said when announcing its quarterly figures on Wednesday. “Considering current equity market conditions, we have decided that the second half of 2022 is no longer the right time to …

Bol.com sees 70 percent sales increase in the past quarter

In the last quarter of 2020, the online electronics store Bol.com saw a 69.9 percent sales increase. For the upcoming year, Ahold Delhaize expects sales for Bol.com to grow by a further 30 percent, totaling five billion euros by the end of 2021. When stores first closed during the third quarter of 2020, Bol.com saw a 45.6 percent sales increase …

Supermarket group Ahold Delhaize, the parent company of Albert Heijn and online retailer Bol.com, booked net profit of €693m in the second quarter of 2020, double last year’s figure. At the same time, the company said Q2 costs were up by €260m, because of logistics and safety issues introduced to cope with coronavirus. Most growth, however, was generated in the …