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Ahold Delhaize reported strong financial results for 2020, with net sales reaching €19.6 billion, up 14.2% at constant exchange rates. Fourth-quarter comparable sales grew 11.2% in the U.S. and 10.6% in Europe. Online sales surged, with a 128.5% increase in the U.S. and 84.2% across the group. However, the IFRS-reported operating margin fell to 0.1% in Q4 due to pension plan impacts. The company plans to continue investments in digital capabilities and aims for mid- to high-single-digit EPS growth in 2021. A dividend of €0.90 per share was proposed, reflecting an 18.4% increase.
Ahold Delhaize announced its ongoing COVID-19 relief initiatives, totaling nearly €680 million in support for associates, customers, and communities. This includes €21 million in charitable donations and the creation of over 45,000 jobs. U.S. brands Giant Food and Stop & Shop committed over €1.4 billion to enhance pension security for associates. In 2021, an additional €10 million has been allocated for charitable efforts. The company is implementing safety measures and is dedicated to supporting vulnerable populations amidst ongoing pandemic challenges.
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