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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Koninklijke Ahold N V | NYSE:AHO | NYSE | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0.00 | - |
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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