Ahold Q4 Sales Rise 4.5% Despite Weak Economy

For the full year 2011, consolidated net sales were €30.3 billion, an increase of 2.5 percent compared to 2010. At constant exchange rates net sales were up 5.5 percent.

Jan 19 2012 --- Ahold has announced consolidated net sales of €7.3 billion for the fourth quarter of 2011, an increase of 4.5 percent compared to the fourth quarter of 2010. At constant exchange rates net sales were up 4.3 percent.

For the full year 2011, consolidated net sales were €30.3 billion, an increase of 2.5 percent compared to 2010. At constant exchange rates net sales were up 5.5 percent.

“We are pleased to have delivered another solid performance over the quarter, growing sales and market share in the United States and the Netherlands. We continue to be well positioned in challenging market conditions with customers remaining cautious in their spending,” the company reported.

Q4 net sales of $5.9 billion were reported for Ahold USA, an increase of 5.0 percent when compared to the fourth quarter of 2010. Identical sales increased 3.9 percent (2.9 percent excluding gasoline), with comparable sales up 4.2 percent. For the full year, net sales of $25.1 billion increased by 6.6 percent over 2010, with identical sales increased 4.9 percent (2.9 percent excluding gasoline). Comparable sales were up 5.1 percent.

In the Netherlands net sales of €2.5 billion were reported, an increase of 4.3 percent when compared to the fourth quarter of 2010. Identical sales increased by 2.9 percent. For the full year, net sales of €10.5 billion were reported, an increase of 4.2 percent over 2010. Identical sales increased by 2.8 percent.