(CercleFinance.com) – UBS reiterates its neutral advice on the value with an unchanged target of 28 E which represents an upside potential of 8%.
‘Ahold Delhaize announced that fourth quarter 2023 results were in line on an underlying basis. The margin outlook for the 2024 financial year is reassuring even if the EPS forecasts are slightly disappointing,’ indicates UBS.
For the 2024 financial year, Ahold Delhaize indicates that it expects underlying EPS to be around its 2023 levels, an underlying operating margin greater than or equal to 4%, and free cash flow of around 2.3 billion euros.
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