Ahold Earnings Q2 2009

• Sales up 11% to € 6.4 billion (up 4% at constant exchange rates)
• Operating income up 26% to € 295 million
• Net income € 195 million
• Stop & Shop/Giant-Landover operating income up 60% to $ 200 million

 

Amsterdam, the Netherlands - Ahold today published its interim report for the second quarter and half year 2009. CEO John Rishton said: "We had a strong second quarter with operating income up 26% despite the challenging economic environment. Stop & Shop/Giant-Landover operating income was up 60% to $ 200 million and Albert Heijn operating income was up 9% to € 150 million from last year.

 

"We remain well positioned in an increasingly competitive environment to deliver our strategy for profitable growth and manage the balance between sales and margins."

 

 

(€ million)	Q2     2009		Q2     2008*		%         change		HY       2009		HY     2008*		% change
Net sales	6,430		5,769		11.5%**		15,084		13,283		13.6%**
Operating income	295		235		25.5%		691		571		21.0%
Income from continuing operations	192		177		8.5%		445		398		11.8%
Net income	195		338		(42.3)%		391		599		(34.7)%

 * Comparative figures reflect the changes in accounting policies as disclosed in note 2 to the interim financial statements.

** At constant exchange rates, net sales increased by 3.9% in Q2 2009 (HY 2009: 5.2%).

 

 

 

 

The press release (including tables) can be downloaded from the following link: