The Dutch supermarket group Ahold Delhaize is postponing the IPO of its online sales platform Bol.com.
The company will resume the plans when market conditions are more favorable, CEO Frans Muller said on Wednesday.
Actually, Bol.com should celebrate its stock market debut in the second half of the year.
The online subsidiary's revenue fell 2.1 percent in the second quarter after rising 24.2 percent in the same period last year.
The group's total sales, on the other hand, increased by 15 percent to 21.4 billion euros and corresponded to analysts' expectations.
Adjusted operating profit of 880 million euros exceeded estimates of 815 million euros.
Ahold Delhaize raised its full-year guidance for earnings per share and now expects mid-single-digit growth.
In May, the company had forecast a decline in the low to mid-single digits.
On the Euronext stock exchange, the supermarket group’s share rose by more than 7 percent at times.