Ahold Q2 Results


Fri. August 24th, 2012

<p>Ahold has released its Q2 2012 results. Sales were €7.7 billion, up 3.9% from the comparable period last year, and the company experienced net income growth of 24.6% as the conversion of Genuardi’s stores to Giant Food Stores was finalized. Ahold’s net operating income increased 18.5% to €326 million. During the quarter, Ahold USA experienced 3.4 percent sales growth, and the Netherlands achieved 5.3 percent growth.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">CEO Dick Boer, states, “By investing in value for our customers, we were able to grow sales by 3.9 percent at constant exchange rates and we gained market share in all our major markets in a challenging economic environment. Despite a weak performance at Albert Heijn, underlying operating margin for the Group was in line with last year.” He adds, “We are confident that we are well on track to deliver on our strategy and we will continue to invest in growth. We are pleased with the conversion of 15 Genuardi’s stores to Giant Food Stores in the U.S. “</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href="https://www.ahold.com" target="_new"> Ahold</a></p><hr class="legacyRuler"><hr class="invisible minimal-padding">