Ahold Delhaize presents Leading Together growth strategy at Capital Markets Day in New York

• Driving comparable sales growth and market share gains
• Doubling net consumer online sales to around €7 billion by 2021
• Repositioning Stop & Shop, its largest brand
• Saving €1.8 billion from 2019 through 2021 with Save for Our Customers
• Delivering high single-digit EPS growth with a stable group margin in 2019
• Generating around €2 billion in free cash flow annually, 2019 through 2021

New York City, November 13, 2018 - Ahold Delhaize today introduces its Leading Together strategy at the 2018 Capital Markets Day in New York City. Supported by its great local brands, best-in-class cash generation and balanced approach to capital allocation, this comprehensive strategic program focuses on driving comparable sales growth and market share gains over the next three years.

Frans Muller, President & CEO of Ahold Delhaize, said: "The merger and integration of Ahold and Delhaize Group have created a strong and efficient platform for growth, while maintaining strong business performance and building a culture of success. In an industry that's undergoing rapid change, fueled by shifting customer behaviour and preferences, we will focus on growth by investing in our stores, omnichannel offering and technological capabilities which will enrich the customer experience and increase efficiencies. Ultimately, this will drive growth by making everyday shopping easier, fresher and healthier for our customers."

In the next three years, Ahold Delhaize expects to deliver comparable sales growth and market share gains as well as a doubling of net consumer online sales to around €7 billion by 2021. While investing in growth, the company will maintain a disciplined approach to capital investment and allocation, supported by a €1.8 billion cumulative Save for Our Customers cost program through 2021 and free cash flow of around €2 billion per year from 2019 to 2021. Capital expenditure will be around 3% of annual sales during the coming three years. 

Frans Muller: "Our commitment is to self-fund the investments needed to drive growth, as our new cost savings program will allow us to maintain a stable group margin through 2019. This will allow us to invest in our stores, omnichannel offering and technology, while we explore and seize new leadership opportunities in existing and adjacent markets."