Ahold Earnings Q1 2009
28 Mai 2009 - 6:51AM
Marketwired
Q1 2009 highlights
* Sales up 15% to EUR 8.7 billion
* Operating income up 18% to EUR 396 million
* Net income EUR 196 million
* Stop & Shop/Giant-Landover operating income up 20% to $
242 million
Ahold today published its interim report for the first quarter
2009. CEO John Rishton said: "In our first quarter we continued to
make good progress with our strategy for profitable growth. We had
strong sales and solid margins in the Netherlands and the United
States, despite the challenging economic environment.
"Identical sales growth at Stop & Shop and Giant-Landover
were the strongest in many years, helping us grow market share and
margin. Giant-Carlisle gained significant market share in a highly
competitive and promotional market.
"In Europe, Albert Heijn continued to successfully balance
sales, market share and margin. In Central Europe, the weak economy
and the introduction of the euro in Slovakia impacted results. We
are taking aggressive restructuring actions in both the Czech
Republic and Slovakia to build a firm foundation for the
future.
"Net income for the first quarter for the group was down 25%,
reflecting higher taxes and a EUR 66 million net provision for
lease guarantees for BI-LO and Bruno's."
Ahold Earnings Q1 2009 Interim Financial Report:
http://hugin.info/130711/R/1318023/307613.pdf
This announcement was originally distributed by Hugin. The
issuer is solely responsible for the content of this
announcement.
Copyright � Hugin AS 2009. All rights reserved.
Ahold Press Office: +31 (0)20 509 5291
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