Ahold Q3 2014 results

  • Q3 sales of €7.5 billion, up 1.9% (up 1.5% at constant exchange rates)
  • Underlying operating margin excluding SPAR acquisition stable versus prior quarter (3.9%)
  • Q3 net income of €178 million, up 7.9% (up 8.5% at constant exchange rates)
  • Improved sales trends in the United States and the Netherlands during the quarter
  • Addition of 49 SPAR stores to our Czech business; integration well underway

Analyst conference call - webcast

 

Zaandam, The Netherlands – Ahold today published its interim report for the third quarter of 2014.

CEO Dick Boer said: “This quarter we reported improved sales trends in the United States and the Netherlands while our margin was stable versus the prior quarter, excluding the impact of the SPAR acquisition.

“In the United States, the rollout of our program to improve quality, service and value for our customers is progressing well. By the end of this quarter, the program was active in over half of our stores.

"In the Netherlands, Albert Heijn's sales performance improved, while the margin in the Netherlands was in line with the previous quarter, adjusted for increased investments in growth at bol.com. In the Czech Republic, we are well underway with the integration of the SPAR business. We are pleased with the performance of the stores that have been converted to the Albert brand and expect to have all stores rebranded by the end of the first quarter next year.

"We expect that ongoing investments in our customer proposition and further development of our formats and assortment will continue to result in improving sales trends."

Cautionary notice

This interim report includes forward-looking statements, which do not refer to historical facts but refer to expectations based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those included in such statements. These forward-looking statements include, but are not limited to statements as to Ahold's investments in value and customer offering, rollout of its U.S. program to improve quality, service and value, rebranding SPAR to Albert and the conversion of supermarkets in the Czech Republic, sales trends, margins, underlying operating income, free cash flow, Reshaping Retail strategy, particularly as to strong brands, market positions, balance sheet and online business, and the court approval, size, funding and timing of the Waterbury settlement. These forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond Ahold’s ability to control or estimate precisely, such as the effect of general economic or political conditions, fluctuations in exchange rates or interest rates, increases or changes in competition, Ahold’s ability to implement and successfully complete its plans and strategies, the benefits from and resources generated by Ahold’s plans and strategies being less than or different from those anticipated, changes in Ahold’s liquidity needs, the actions of competitors and third parties and other factors discussed in Ahold’s public filings and other disclosures. Readers are cautioned not to place undue reliance on these forward looking statements, which speak only as of the date of this interim report. Ahold does not assume any obligation to update any public information or forward-looking statements in this interim report to reflect subsequent events or circumstances, except as may be required by applicable laws. Outside the Netherlands, Koninklijke Ahold N.V., being its registered name, presents itself under the name of “Royal Ahold” or simply "Ahold".

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