Ahold trading statement fourth quarter and full year 2013
January 16 2014 - 12:44AM
Zaandam, the Netherlands -
Ahold today announced consolidated net sales of €7.5 billion for
the fourth quarter of 2013, a decrease of 1.1% at constant exchange
rates compared to the fourth quarter of 2012. At current exchange
rates net sales were down 4.2%.
For the full year 2013, consolidated net sales
were €32.6 billion, an increase of 2.0% at constant exchange rates
compared to 2012. At current exchange rates net sales were down
0.2%.
In the United States sales in the fourth
quarter were down 2.1%, reflecting a contracting food market
and the sales effect of Hurricane Sandy last year. We continue to
build our online business and opened another 31 pick-up
points, bringing the total to 120 in the United States.
Market share for the year was ahead of 2012 though down slightly in
the fourth quarter due to the strong comparative period last year
as a result of Hurricane Sandy. Supported by the ongoing progress
on our cost reduction program, we expect underlying operating
margin to be broadly in line with the performance during the
year.
In the Netherlands market conditions remained
challenging and sales growth of 0.7% was mainly driven by the
strong performance of our online businesses, both
at albert.nl and bol.com. The addition of the
C1000 stores is on track with 39 stores converted by year end. We
continue to be pleased with the performance of our Belgian stores
where we operated 19 stores at year end. At Albert Heijn
transactions remained broadly stable at an identical base while
basket size continued to be under pressure. For the full year
market share at Albert Heijn increased slightly, although market
share during the quarter was under pressure, similar to the third
quarter. We expect the underlying operating margin to be slightly
ahead of the prior quarter.
Our Slovakian business will no longer be reported
under Other Europe but as discontinued operations following the
announcement of its divestment. In an ongoing tough environment in
the Czech Republic, sales were down 1.9%, while for the year
underlying operating margin is expected to continue to show an
improving trend.
Ahold Trading statement Q4 / FY
2013
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Ahold via Globenewswire
HUG#1755022
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