Ahold publishes third quarter results 2013
(Thomson Reuters ONE) -
Highlights - third quarter 2013
* Sales ?7.4 billion, up 0.6% at constant exchange rates
* Underlying operating margin 4.0% (Q3 2012: 4.1%)
* Operating income ?248 million, down ?40 million mainly due to restructuring
* Net income ?165 million, up ?24 million
* Free cash flow ?181 million, up ?22 million
* Additional capital repayment of ?1 billion & reverse stock split in
first quarter 2014
Zaandam, the Netherlands, November 14 - Ahold today published its interim report
for the third quarter of 2013.
CEO Dick Boer said: "In the United States we continue to operate in a very
competitive environment with low inflation. With limited sales growth we gained
market share in the supermarket segment and maintained our share in the all-
outlet market. We were able to maintain a solid underlying operating margin,
supported by continuous cost savings.
"In the Netherlands, weak consumer sentiment was reflected in a further slowdown
of market growth. We saw transactions remaining stable, albeit with a lower
basket size and with consumers increasingly looking for value, impacting our
market share performance this quarter. The underlying operating margin remained
stable versus last year.
"We remain committed to our Reshaping Retail strategy and will continue to
invest in growth, in both existing and new markets. Our online activities
continue to show strong sales growth, both in food and non-food and we continue
to rapidly expand our network of pick-up points, especially in the United
States. Albert Heijn expects to have around half of the 82 acquired C1000 /
Jumbo stores converted to its banner by the end of 2013 and is well on track
expanding into Belgium.
"We expect similar conditions to continue in the current quarter with consumer
spending under pressure, especially in the Netherlands. Cost savings from our
Simplicity program allow us to continue to invest in our competitiveness in both
the United States and the Netherlands.
"Our cash generation remains strong and we are committed to an efficient capital
structure. We have completed around 30% of our ?2 billion share buyback program,
which is to be finalized by the end of 2014. In addition, subject to shareholder
approval, we will distribute a further capital repayment of ?1 billion to our
shareholders, followed by a reverse stock split. Shareholder approval will be
requested at an extraordinary general meeting of shareholders in January 2014
and we plan to complete this transaction in the first quarter of 2014. We remain
committed to maintaining a balance between investing in profitable growth and
returning cash to our shareholders and we will continue to move toward our
capital structure targets."
More info and a video interview with CEO Dick Boer visit www.ahold.com
Ahold Press Office: +31 88 659 5343
Ahold Investor Relations: +31 88 659 5213
Follow us on Twitter: (at)AholdNews
Ahold Interim Report Q3:
http://hugin.info/130711/R/1743061/586191.pdf
Ahold Q3 analyst presentation:
http://hugin.info/130711/R/1743061/586207.pdf
Ahold capital repayment info slides:
http://hugin.info/130711/R/1743061/586208.pdf
This announcement is distributed by Thomson Reuters on behalf of
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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#1743061]
Unternehmensinformation / Kurzprofil:
Datum: 14.11.2013 - 06:44 Uhr
Sprache: Deutsch
News-ID 316347
Anzahl Zeichen: 4085
contact information:
Town:
Amsterdam
Kategorie:
Business News
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