Koninklijke Ahold Delhaize (AD) AGM 2025 summary

Opening remarks and agenda

• Safety, translation, and voting procedures were explained; shareholders could vote throughout the meeting.

• The agenda included financial performance, board appointments, strategy, sustainability, and Q&A.

Financial performance review

• Net sales reached EUR 89.4 billion in 2024, with comparable sales up 1.2% and online sales up 10.4%.

• Underlying operating margin was 4%, with underlying operating income at EUR 3.6 billion.

• Free cash flow exceeded EUR 2.5 billion, and a dividend of EUR 1.17 per share was proposed, up 6.4%.

• U.S. segment saw net sales down 0.7% (up 0.7% adjusted), with a 4.4% margin; Europe sales grew 3.5% with a 3.8% margin.

• Over EUR 1.35 billion in cost savings achieved in 2024, exceeding targets.

Board and executive committee updates

• Proposals included appointing Per Bank and reappointing Jan Zijderveld to the Supervisory Board.

• Bill McEwen stepped down from the Supervisory Board at the close of the meeting.

• Management and Supervisory Board members were introduced, including new executive roles.