Amsterdam, the Netherlands – Ahold today 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.
This press release 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 being well positioned in challenging market conditions. 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 complete successfully 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 press release. Ahold does not assume any obligation to update any public information or forward-looking statements in this press release 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”.