Ahold Delhaize Publishes 2021 Annual Report, Details 1B-Dollar Gain; Frans Muller Comments
ZAANDAM, THE NETHERLANDS - Ahold Delhaize recently provided a peek at the recent growth of its operations with the publication of its 2021 Annual Report. With an in-depth overview of its financial and ESG performance in fiscal year 2021, the retail giant has revealed €75.6 billion (USD 84 billion) net sales for 2021, nearly a €900 million gain over its 2020 €74.7 billion (USD 83.1 billion) net sales, equal to almost USD 1 billion.
“I am proud of our performance and what we have been able to achieve in 2021. Despite expectations that the world would return to pre-pandemic life, COVID-19 continued to have a major impact on our brands’ markets—and kept our people very busy,” Frans Muller, Chief Executive Officer, said. “I have enormous appreciation for associates in stores, distribution centers, and support offices across Ahold Delhaize and its brands who worked so incredibly hard to serve the needs of customers and communities.”
According to a press release, an important milestone for Ahold Delhaize this year was announcing updates to its long-term “Leading Together” strategy and key medium-term commitments during its Investor Day in November. This growth and investment plan includes a step-up in investments in digital, automation, and state-of-the-art infrastructure to drive innovation and support Ahold Delhaize’s accelerated growth plans to 2025.
Some other highlights from the report include:
- €10.4 billion (USD 11.5 billion) in net consumer online sales
- €2.2 billion (USD 2.4 billion) in net income
- €1.6 billion (USD 1.7 billion) in free cash flow
Ahold Delhaize also doubled down on its commitment to its climate strategy and brought forward its net-zero carbon emissions target for scope 1 and 2 by 10 years to 2040. Embedded in Ahold Delhaize’s belief that what is healthy for people is healthy for the planet, another sharpened ambition is the increased target for healthy own-brand food sales to be at least 55 percent by 2025.
Click here to view the full report.
More updates from the retail sector are on their way, so stay tuned to ANUK.
