Parent company Albert Heijn significantly down on the Amsterdam stock exchange

Photo: ANP

Supermarket group Ahold Delhaize was the big loser on the Amsterdam stock exchange on Wednesday after poorly received annual figures. Although the parent company of Albert Heijn and performed strongly in 2021, investors were shocked by the disappointing profit outlook. In addition, figures from Heineken and charging station manufacturer Alfen were processed on the financial markets. Everyone also kept a close eye on the tensions surrounding Ukraine.

Ahold Delhaize fell more than 7 percent in the main funds on the Damrak. The group continued to benefit from the corona crisis and recorded more turnover last quarter. Final quarter results were better than expected, despite supply chain challenges and inflationary pressures, according to CEO Frans Muller. But it is difficult for the group to pass on the increased purchase prices to customers, and that could put pressure on margins in the near future. Muller also stated that he is doing everything he can to prevent prices in the supermarket from rising too fast.

Heineken, on the other hand, rose almost 2 percent. The brewer sold more beer in 2021, with customers opting more quickly for the more expensive beers, according to the group. The company expects to suffer from inflation this year. For example, the prices of raw materials, transport and energy have risen sharply and the brewer will pass this on to customers.

In the MidKap, Alfen was by far the strongest riser with a price gain of almost 14 percent. The company says it is profiting fully from the energy transition that is gaining momentum and recorded significantly more profit last year. Vopak fell about 3 percent. The tank storage company, which also came up with figures, said that the storage tanks were less well filled due to the high oil price.

The mood on the stock markets continued to be cautious in anticipation of further developments in Ukraine. The AEX index on Beursplein 5 closed 0.5 percent in the plus at 758.92 points. The MidKap climbed 0.7 percent to 1057.66 points. The indicators in Paris and Frankfurt lost up to 0.3 percent. London fell 0.1 percent after a further rise in UK inflation to its highest level in nearly 30 years.

The euro was worth $1.1377, against $1.1357 a day earlier. The price of a barrel of American oil climbed almost 3 percent to $ 94.62. Brent oil also cost just under 3 percent more, at $95.68 a barrel.

Parent company Albert Heijn significantly down on the Amsterdam stock exchange
Source link Parent company Albert Heijn significantly down on the Amsterdam stock exchange

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