Ahold publishes second quarter and half year 2012 results
(Thomson Reuters ONE) -
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Continuing to invest in profitable growth in challenging market conditions
Highlights - second quarter 2012
· Sales of ?7.7 billion (up 3.9% at constant exchange rates)
· Operating income ?326 million (up 18.5%)
· Net income ?248 million (up 24.6%)
· Underlying operating margin 4.3%
· Conversion of Genuardi's stores to Giant completed
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Amsterdam, the Netherlands, August 23, 2012 - Ahold today published its interim
report for the second quarter and half year 2012.
CEO Dick Boer said: "By investing in value for our customers, we were able to
grow sales by 3.9% at constant exchange rates and we gained market share in all
our major markets in a challenging economic environment. Despite a weak
performance at Albert Heijn, underlying operating margin for the Group was in
line with last year.
"We saw ongoing high levels of promotional activity in both the United States
and the Netherlands with retail price inflation coming down, particularly in the
United States. Our businesses in the United States achieved strong margins
through stringent cost control. Margins in the Netherlands were negatively
impacted by increased price investments and an unsuccessful promotional
campaign. Our business in the Netherlands now includes bol.com, following the
successful completion of the acquisition on May 9.
"We expect market conditions to remain difficult and are cautious about the
potential impact of rising food commodity costs, particularly in the United
States for the balance of the year. We are confident that we are well on track
to deliver on our strategy and we will continue to invest in growth. We are
pleased with the conversion of 15 Genuardi's stores to Giant Food Stores in the
United States. We also completed the transaction with Jumbo concerning 82 stores
in the Netherlands and we will start to convert the first 14 to Albert Heijn."
Click here to find the full Interim Report and related documents on ahold.com,
or click on the attachment.
Ahold Press Office: +31 88 659 5343
Ahold Investor Relations: +31 88 659 5213
Follow us on Twitter: (at)AholdNews
Cautionary notice
This interim report includes forward-looking statements, which do not refer to
historical facts but refer to expectations based on management's current views
and assumptions and involve known and unknown risks and uncertainties that could
cause actual results, performance or events to differ materially from those
included in such statements. These forward-looking statements include, but are
not limited to, statements as to Ahold's investments in profitable growth;
expectations on market conditions and competitor and consumer behavior; the
progress and deliverance of Ahold's strategies and cost savings program; the
impact of rising food commodity costs; Ahold's response to market opportunities;
the synergy of business combinations; the performance of Ahold's stores; the
expansion of Ahold's online presence, product offering and geographical reach;
Ahold's focus on cost reductions and process simplification and improving its
competitive position; the causes of margin performance; completion of the
transaction with Jumbo; and the conversion and reopening of the C1000/Jumbo
stores to the Albert Heijn banner and the timeframe thereof. These forward-
looking statements are subject to risks, uncertainties and other factors that
could cause actual results to differ materially from future results expressed or
implied by the forward-looking statements. Many of these risks and uncertainties
relate to factors that are beyond Ahold's ability to control or estimate
precisely, such as the effect of general economic or political conditions,
fluctuations in exchange rates or interest rates, increases or changes in
competition, Ahold's ability to implement and complete successfully its plans
and strategies, the benefits from and resources generated by Ahold's plans and
strategies being less than or different from those anticipated, changes in
Ahold's liquidity needs, the actions of competitors and third parties and other
factors discussed in Ahold's public filings and other disclosures. Readers are
cautioned not to place undue reliance on these forward-looking statements, which
speak only as of the date of this interim report. Ahold does not assume any
obligation to update any public information or forward-looking statements in
this interim report to reflect subsequent events or circumstances, except as may
be required by applicable laws. Outside the Netherlands, Koninklijke Ahold N.V.,
being its registered name, presents itself under the name of "Royal Ahold" or
simply "Ahold."
Ahold Q2 2012 results:
http://hugin.info/130711/R/1635705/525467.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(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#1635705]
Unternehmensinformation / Kurzprofil:
Datum: 23.08.2012 - 06:46 Uhr
Sprache: Deutsch
News-ID 176979
Anzahl Zeichen: 5952
contact information:
Town:
Amsterdam
Kategorie:
Business News
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