Ahold Earnings Q3 2009
(Thomson Reuters ONE) - Highlights * Sales up 4.3% to ? 6.0 billion (up 2.6% at constant exchange rates) * Operating income up 1.5% to ? 265 million * Net income ? 238 million * Volume growth in all markets * New company-wide cost reduction programAmsterdam, the Netherlands - Ahold today published its interim reportfor the third quarter of 2009. CEO John Rishton said: "We have againdelivered solid results in a challenging environment. Volumes grew inall markets with good sales performance in the U.S., reflectingongoing investment in value for our customers. In the Netherlands, wecontinued to grow market share and again delivered a strong marginreflecting effective cost management. We continue to adapt to thechallenging environment, balancing sales and margins while seeking togrow market share and volumes."To continue to provide value to our customers, we have launched anew ? 350 million cost reduction program for the three years endingin 2012. This program will focus on all aspects of our business,including store expenses, supply chain, and overhead across thegroup. Separately, we will deliver additional sourcing cost savingsover the same period."On November 5, we announced organization changes to build a strongplatform for growth and to provide even greater focus on ourcustomers. We will pursue opportunities to grow within existing andnew markets." Q3 % Q3 YTD Q3 %(? million) 2009 Q3 change 2009 YTD change 2008* 2008*Net sales 6,040 5,789 4.3%** 21,124 19,072 10.8%**Operating 265 261 1.5% 956 832 14.9%incomeIncome fromcontinuing 239 187 27.8% 684 585 16.9%operationsNet income 238 195 22.1% 629 794 (20.8)%* Comparative figures reflect the changes in accounting policies asdisclosed in note 2 to the interim financial statements.** At constant exchange rates, net sales increased by 2.6% in Q3 2009(Q3 YTD 2009: 4.5%).Ahold Press Office: +31 (0)20 509 5291The press release (including tables) can be downloaded from thefollowing link:http://hugin.info/130711/R/1355733/329198.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 18.11.2009 - 06:46 Uhr
Sprache: Deutsch
News-ID 8531
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