Ahold Delhaize publishes 2022 Annual Report and issues convocation for 2023 Annual General Meeting of shareholders
Ahold Delhaize published its 2022 Annual Report, highlighting the theme 'Local matters', focusing on community needs while leveraging its global scale. CEO Frans Muller acknowledged 2022 challenges due to the war in Ukraine and the COVID-19 pandemic, emphasizing efforts to keep grocery prices low and invest in mental health for associates. The company achieved record cost savings of €979 million and significant donations of €218 million to local communities. Ahold Delhaize plans to invest €2.5 billion in Capex for digital capabilities and sustainability initiatives while preparing for ongoing macro-economic challenges in 2023.
- Achieved record cost savings of €979 million in 2022.
- Significant donations totaling €218 million to local communities.
- Increased Capex investments to €2.5 billion aimed at digital and sustainability initiatives.
- Challenging macro-economic conditions expected to continue in 2023.
Zaandam, The Netherlands, March 1, 2023 – Ahold Delhaize today publishes its 2022 Annual Report, an integrated report that provides an overview of the Company’s financial and ESG performance in 2022. Reflecting the fact that Ahold Delhaize is a family of great local brands serving millions of customers every day, the theme of this annual report is 'Local matters'. Our brands understand the unique needs of their local communities and customers, and by leveraging the scale and efficiency of a global company, they can offer them best-in-class digital solutions and make sustainable and healthy food accessible to everyone. The report will be on the agenda of the Annual General Meeting of Shareholders (AGM), which will be held on April 12, 2023.
Frans Muller, CEO of Ahold Delhaize, said: “2022 was a challenging year, that has put a strain on associates and on the communities – particularly as a result of the war in Ukraine. I’m grateful and proud of the people across our brands who have provided comfort, food and work to those affected and those fleeing the violence. We also saw the impact on people’s mental well-being – which was already under pressure after two difficult years of the COVID-19 pandemic. Our brands worked hard to support associates, continuing to invest in mental health and overall well-being.
In response to these circumstances, the brands remained laser focused on keeping grocery prices as low as possible and make healthy food options accessible to everyone by investing in high-quality own-brand products, expanding the range of price-entry products, and offer more personalized discounts through their loyalty programs. We have doubled down on our Save For Our Customers cost savings program that reached a record level of
We have made substantial progress in our Leading Together strategy and within our growth drivers of e-commerce and digitalization, health and sustainability, cultivating talent, and operational excellence. One example is the significant increase in our interim scope 3 CO2 emissions reduction target to
By investing in our future and in the interests of all of our company's stakeholders, including employees and shareholders, we will continue to be able to take care of customers throughout the local communities our brands serve, even in these difficult times."
Looking forward
Looking forward to 2023, Ahold Delhaize expects challenging macro-economic conditions to continue. The company remains focused on its omnichannel customer experience to enable customers to shop whenever and wherever they want, and continue to provide affordable and healthy food options. In addition, the company will increase its Capex investments to 2.5 billion euros. This will include investments in digital and online capabilities as well as in initiatives that serve our healthy and sustainable targets.
Ahold Delhaize’s 2022 Annual Report will be on the agenda of the Annual General Meeting of Shareholders (AGM), which will be held on April 12, 2023. The convocation, the agenda (including explanatory notes), and other relevant documentation for the AGM are available here.
The 2022 Annual Report is available here.
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Cautionary notice
This communication includes forward-looking statements. All statements other than statements of historical facts may be forward-looking statements. Words and expressions such as provides, offer, will, continu(e)/(ing), progress, strategy, in line, commitment, ambitions, aspiration, looking forward, expects, remains or other similar words or expressions are typically used to identify forward-looking statements.
Forward-looking statements are subject to risks, uncertainties and other factors that are difficult to predict and that may cause actual results of Koninklijke Ahold Delhaize N.V. (the “Company”) to differ materially from future results expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the risk factors set forth in the Company’s public filings and other disclosures. Forward-looking statements reflect the current views of the Company’s management and assumptions based on information currently available to the Company’s management. Forward-looking statements speak only as of the date they are made and the Company does not assume any obligation to update such statements, except as required by law.
For more information
- Press office: +31 88 6595134 / media.relations@aholddelhaize.com
- Investor relations: +31 88 659 5213 / investor.relations@aholddelhaize.com
- Social media: Instagram: @Ahold-Delhaize | LinkedIn: @Ahold-Delhaize | Twitter: @AholdDelhaize
About Ahold Delhaize
Ahold Delhaize is one of the world’s largest food retail groups and a leader in both supermarkets and e-commerce. Its family of great local brands serves 60 million customers each week, both in stores and online, in the United States, Europe and Indonesia. Together, these brands employ more than 414,000 associates in 7,659 grocery and specialty stores and include the top online retailer in the Benelux and the leading online grocers in the Benelux and the United States. Ahold Delhaize brands are at the forefront of sustainable retailing, sourcing responsibly, supporting local communities and helping customers make healthier choices. The company’s focus on four growth drivers – drive omnichannel growth, elevate healthy and sustainable, cultivate best talent and strengthen operational excellence – is helping to fulfil its purpose, achieve its vision and prepare its brands and businesses for tomorrow. Headquartered in Zaandam, the Netherlands, Ahold Delhaize is listed on the Euronext Amsterdam and Brussels stock exchanges (ticker: AD) and its American Depositary Receipts are traded on the over-the-counter market in the U.S. and quoted on the OTCQX International marketplace (ticker: ADRNY). For more information, please visit: www.aholddelhaize.com.
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