Ahold fourth quarter and full year 2011 summary report
(Thomson Reuters ONE) -
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Highlights
· Fourth quarter sales ?7.3 billion (up 4.3 percent at constant exchange
rates)
· Fourth quarter operating income ?328 million (up 11.2 percent)
· Fourth quarter underlying retail operating margin 5.0 percent
· Full year net income ?1.0 billion (up 19.2 percent)
· Dividend increased by 38 percent to ?0.40 per share
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Amsterdam, the Netherlands, March 1, 2012 - Ahold today published its summary
report for the fourth quarter and full year 2011. CEO Dick Boer said: "We are
pleased with our performance in the fourth quarter, delivering solid results in
the United States and the Netherlands. 2011 was a successful year for Ahold
where we grew sales by 5.5 percent at constant exchange rates and net income by
19 percent under challenging economic circumstances.
"We launched our new strategy to reshape retail at Ahold, taking advantage of
rapid changes in consumer behavior, shopping trends and the retail landscape. We
achieved our cost reduction targets a year ahead of time and announced a new
350 million euro cost savings program for the next three years.
"Reflecting the confidence in our new strategy and our proven ability to
generate cash, we propose a 38 percent increase in our dividend to ?0.40 per
share.
"We expect 2012 to be another challenging year for the food retail industry, the
macro-economic environment means that consumers still continue to look for value
and competition will remain intense. Our strong brands are well positioned to
make progress in our major markets, however, we anticipate sales growth in the
first quarter will reflect the difficult economic conditions, as well as the
timing of Easter.
"During 2012, we will take further steps to make our capital structure more
efficient by investing in growth, reducing debt and returning cash to
shareholders while remaining committed to an investment grade credit rating."
Ahold Press Office: +31 88 659 5343
Ahold Investor Relations: +31 88 659 5213
Follow us on Twitter: (at)AholdNews
Ahold Q4 and FY 2011 summary report:
http://hugin.info/130711/R/1590319/499580.pdf
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Ahold via Thomson Reuters ONE
[HUG#1590319]
Unternehmensinformation / Kurzprofil:
Datum: 01.03.2012 - 06:45 Uhr
Sprache: Deutsch
News-ID 120399
Anzahl Zeichen: 3113
contact information:
Town:
Amsterdam
Kategorie:
Business News
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