Ahold publishes Third Quarter 2014 Results
(Thomson Reuters ONE) -
Zaandam, the Netherlands - Ahold today published its interim report for the
third quarter of 2014.
* Q3 sales of ?7.5 billion, up 1.9% (up 1.5% at constant exchange rates)
* Underlying operating margin excluding SPAR acquisition stable versus prior
quarter (3.9%)
* Q3 net income of ?178 million, up 7.9% (up 8.5% at constant exchange rates)
* Improved sales trends in the United States and the Netherlands during the
quarter
* Addition of 49 SPAR stores to our Czech business; integration well underway
CEO Dick Boer said: "This quarter we reported improved sales trends in the
United States and the Netherlands while our margin was stable versus the prior
quarter, excluding the impact of the SPAR acquisition.
"In the United States, the rollout of our program to improve quality, service
and value for our customers is progressing well. By the end of this quarter, the
program was active in over half of our stores.
"In the Netherlands, Albert Heijn's sales performance improved, while the margin
in the Netherlands was in line with the previous quarter, adjusted for increased
investments in growth at bol.com. In the Czech Republic, we are well underway
with the integration of the SPAR business. We are pleased with the performance
of the stores that have been converted to the Albert brand and expect to have
all stores rebranded by the end of the first quarter next year.
"We expect that ongoing investments in our customer proposition and further
development of our formats and assortment will continue to result in improving
sales trends."
Please follow this link to watch a video interview with Jeff Carr, Ahold CFO.
Full Q3 2014 Report and Q3 2014 Presentation attached as PDF to this message.
Ahold Q3 2014 Presentation:
http://hugin.info/130711/R/1870978/658121.pdf
Ahold Q3 2014 Results:
http://hugin.info/130711/R/1870978/658120.pdf
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Source: Ahold via GlobeNewswire
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