DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5
Retail

Ahold Record 4.4% Sales Growth In First Quarter

By square1
Share this article
Ahold Record 4.4% Sales Growth In First Quarter

Ahold have recorded sales of €10.1 billion for the first quarter of 2013, with net sales increasing by 4.4% at constant exchange rates. Operating income stood at €345 million, down €68 million due to a €63 million pension settlement.

Sales in the Netherlands grew by 7.5% to €3.5 billion, in a market where "consumer confidence remains low", according to Dick Boer, Ahold chief executive. "We are pleased with the strong sales performance of our online businesses, partly driven by the success of our pick-up points, and with our expansion into Belgium", he said. In the US, the group saw growth of 3.4% and sales of $8.1 billion, with ongoing high levels of promotional activity.

Boer continued, "Overall sales grew by 4.4% at constant exchange rates in the first quarter. We continue to grow market share in our major markets as a result of identical sales growth, the expansion of our store network, and strong growth in our online business."

“We remain cautious in our outlook for 2013 but we are committed to deliver on our Reshaping Retail strategy", he said.

ADVERTISEMENT
Get the week's top grocery retail news

The most important stories from European grocery retail direct to your inbox every Thursday

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our terms & conditions and privacy policy. You can unsubscribe at any time.