Cyberattack Cost Albert Heijn Parent Ahold Delhaize Estimated €250 Million
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Ahold Delhaize, owner of Albert Heijn, Etos, Gall & Gall, and bol, among others, expects fourth-quarter revenue to be between 200 million and 250 million euros lower as a result of last month's cyberattack. Consequently, the operating result will be between 75 million and 100 million euros lower, the group announced on Wednesday.
Cyberattack cost Albert Heijn parent Ahold Delhaize estimated €250 million
Albert Heijn parent Ahold Delhaize expects its fourth-quarter revenue to be between €200 million and €250 million lower due to the cyberattack that took several of its brands offline for two weeks last month, the company said with its third-quarter results.
The profit forecast is lowering slightly.
Ahold Delhaize believes that shutting down computer systems following a hacker attack cost the company 200 to 250 million euros in revenue. The company is lowering its forecast for earnings per share growth to 'low single digits', which typically refers to a figure below 5 percent, whereas earnings per share growth between 5 and 10 percent was previously expected.
Supermarket group Ahold Delhaize will not meet its profit targets this year, as almost all chains were disrupted by a hacking attack last month. This will cost the company up to 250 million euros in revenue in the fourth quarter.
ZAANDAM (ANP) - Ahold Delhaize, owner of Albert Heijn, Etos, Gall & Gall and bol, among others, expects revenue in the fourth quarter to be between 200 million and 250 million euros lower as a result of the cyberattack last month. Consequently, the operating result will fall between 75 million and...
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