Ahold publishes First Quarter 2015 Results
(Thomson Reuters ONE) -
Zaandam, the Netherlands - Ahold today published its summary report for the
first quarter of 2015.
* Q1 sales of ?11.3 billion, up 14.9% driven by currency (up 1.4% at constant
exchange rates)
* Sales excluding gas up 3.1% at constant exchange rates
* Sales in the Netherlands up 5.7%, driven by successful promotions and
improved product offering
* Underlying operating margin of 3.5%, reflects investments in growth and
higher insurance charge
* Conversion of SPAR stores in the Czech Republic completed
CEO Dick Boer said: "We are encouraged by the positive momentum in our sales
trend, with sales growth of 3.1% excluding gas and at constant exchange rates,
despite the adverse timing of Easter. We have continued to respond to the
changing needs of our customers, by making further price investments, increasing
and improving our assortments, expanding our store network, introducing new
formats and continuing to strengthen our leading online proposition.
"In the Netherlands, Albert Heijn delivered strong sales growth, supported by
successful promotions, and continued to improve its product assortment to
further differentiate its offering. Albert Heijn grew market share in the
Netherlands and we made further progress expanding our network in Belgium with
new store openings bringing the total to 30 stores. In the U.S., we saw further
benefits from our improved customer proposition, which we have continued to roll
out to more stores during the quarter, resulting in an increased volume market
share. In the Czech Republic, we completed the process of rebranding the 49 SPAR
stores.
"Our business performance remains on track to deliver in line with full year
expectations. We continue to execute our Reshaping Retail strategy, offering
quality and value to our customers."
Please follow this link to watch a video interview with Jeff Carr, Ahold CFO.
Full Q1 2015 Report and Q1 2015 Presentation attached as PDF to this message.
Ahold Q1 2015 Presentation:
http://hugin.info/130711/R/1924042/690095.pdf
Ahold Q1 2015 Results (report):
http://hugin.info/130711/R/1924042/690094.pdf
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Source: Ahold via GlobeNewswire
[HUG#1924042]
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Datum: 27.05.2015 - 06:48 Uhr
Sprache: Deutsch
News-ID 395908
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