Ahold Net Sales Slightly Up in Q4
Compared to the fourth quarter of 2006, net sales increased by 0.2% and increased by 6.5% at constant exchange rates. For the full year, consolidated net sales of €28.2 billion were 1.2% higher compared to 2006.
25/01/08 Ahold has announced consolidated net sales of €6.6 billion for the fourth quarter ended December 30, 2007. Compared to the fourth quarter of 2006, net sales increased by 0.2% and increased by 6.5% at constant exchange rates. For the full year, consolidated net sales of €28.2 billion were 1.2% higher compared to 2006. At constant exchange rates, consolidated net sales were up 6.1%.
In Europe, market conditions were favorable. In the United States, the turbulent economic environment did not have a significant impact on local market conditions. Price investments related to the further roll-out of the Value Improvement Program, launched in September 2006 at Stop & Shop and Giant-Landover, will continue to impact margins.
For full year 2007, Ahold reiterates that total retail operating margin will be at the higher end of its 4.0% to 4.5% guidance.
Stop & Shop/Giant-Landover reported that net sales increased 2.0% to $3.9 billion in the fourth quarter. Net sales for Giant Carlisle increased 8.6% to $1 billion, due in part to the acquisition of the Clemens Markets stores in the fourth quarter of 2006. In The Netherlands, net sales for Albert Heijn increased 12.9% to €2 billion in the fourth quarter, due in part to the acquisition of the Konmar stores in the fourth quarter of 2006.
