Ahold publishes Third Quarter 2015 Results
(Thomson Reuters ONE) -
Zaandam, the Netherlands - Ahold today published its interim report for the
third quarter of 2015. Highlights of the third quarter are:
* Strong sales performance, with Group sales up 13.0% (up 1.7% at constant
exchange rates)
* Sales excluding gas up 3.3% at constant exchange rates
* Underlying operating income increased to ?319 million; underlying operating
margin at 3.8%
* Strong free cash flow of ?230 million, up ?160 million
* Identical sales in the Netherlands up 4.0%, reflecting positive sales trends
at Albert Heijn and in online
* Underlying sales trends in the United States continued to improve, with
identical sales growth of 1.8% excluding gas, adjusted for competitive
disruption last year
* Agreement reached for Stop & Shop to acquire 25 A&P stores in New York
CEO Dick Boer said: "The Group delivered a strong performance during the third
quarter and we are pleased to report an increase in sales, operating income and
net income, as well as a strong free cash flow. We made further progress against
our strategic priorities and the investments in our brands are strengthening our
customer proposition across all of our markets. In recognition of our continued
commitment to responsible retailing, Ahold was included in the Dow Jones
Sustainability World Index for the seventh consecutive year.
"In the Netherlands, the strength of the Albert Heijn brand continues to drive
positive sales trends and we were particularly pleased with the increase in
identical store sales. Our strategy to focus on quality and assortment
improvements led to an increase in transactions and market share gains. Our
market-leading Dutch online businesses, Albert Heijn Online and bol.com, grew
net consumer sales by over 30%, and in the United States, Peapod's performance
improved, reporting double-digit sales growth. We rolled out our enhanced
customer proposition in the U.S. to additional stores during the quarter and as
a result, we saw an improved underlying sales performance across our divisions.
"Looking ahead, we are on track to deliver a full year performance in line with
expectations and to complete the proposed merger with Delhaize by mid-2016. This
combination will create a stronger international food retailer for the benefit
of our customers, associates and shareholders."
Please follow this link to watch a video interview with Jeff Carr, Ahold CFO.
Full Q3 2015 Report and Q3 2015 Presentation attached as PDF to this message.
Ahold Q3 2015 Results (report):
http://hugin.info/130711/R/1966030/717915.pdf
Ahold Q3 2015 Presentation:
http://hugin.info/130711/R/1966030/717916.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#1966030]
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