Ahold Earnings Q2 2009
August 20 2009 - 12:59AM
Marketwired
Highlights
* Sales up 11% to EUR 6.4 billion (up 4% at constant exchange
rates)
* Operating income up 26% to EUR 295 million
* Net income EUR 195 million
* Stop & Shop/Giant-Landover operating income up 60% to $
200 million
Amsterdam, the Netherlands - Ahold today published its interim
report for the second quarter and half year 2009. CEO John Rishton
said: "We had a strong second quarter with operating income up 26%
despite the challenging economic environment. Stop &
Shop/Giant-Landover operating income was up 60% to $ 200 million
and Albert Heijn operating income was up 9% to EUR 150 million from
last year.
"We remain well positioned in an increasingly competitive
environment to deliver our strategy for profitable growth and
manage the balance between sales and margins."
Q2 Q2 % HY HY %
(EUR million) change
2009 2008* change 2009 2008*
Net sales 6,430 5,769 11.5%** 15,084 13,283
13.6%**
Operating income 295 235 25.5% 691 571 21.0%
Income from
continuing 192 177 8.5% 445 398 11.8%
operations
Net income 195 338 (42.3)% 391 599 (34.7)%
* Comparative figures reflect the changes in accounting policies as
disclosed in note 2 to the interim financial statements.
** At constant exchange rates, net sales increased by 3.9% in Q2 2009
(HY 2009: 5.2%).
Ahold Press Office: +31 (0)20 509 5291
The press release (including tables) can be downloaded from the
following link:
Ahold Earnings Q2 2009:
http://hugin.info/130711/R/1335983/317716.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.
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