AMSTERDAM (dpa-AFX) - Ahold Delhaize N.V. (ADRND.PK, AHODF.PK), a Dutch
retail and wholesale holding company, on Wednesday reported weak profit and net
sales in its fourth quarter.

Further, the company proposed a cash dividend of 1.10 euros for fiscal year
2023, a 4.8 percent increase compared to 2022, and in line with dividend payout
policy.

Looking ahead for fiscal 2024, the company projects underlying earnings per
share at around 2023's 2.54 euros, and underlying operating margin of ?4.0
percent.

For the fourth quarter, IFRS net income was 451 million euros, down 44.2 percent
from 809 million euros last year. Earnings per share were 0.47 euro, a decline
of 42.2 percent from last year's 0.82 euro.

Underlying earnings per share was 0.73 euro, compared to 0.72 euro a year
earlier.

Group net sales were 23.02 billion euros, down 1.4 percent from 23.36 billion
euros a year ago. Net sales increased 1.9 percent at constant exchange rates.

Comparable sales excluding gas increased 1.8 percent for the Group, with a
decline of 1.0 percent in the U.S. and an increase of 6.5 percent in Europe.

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