Ahold trading statement fourth quarter and full year 2013
Zaandam, the Netherlands - Ahold today announced consolidated net sales of â‚¬7.5
billion for the fourth quarter of 2013, a decrease of 1.1% at constant exchange
rates compared to the fourth quarter of 2012. At current exchange rates net
sales were down 4.2%.
For the full year 2013, consolidated net sales were â‚¬32.6 billion, an increase
of 2.0% at constant exchange rates compared to 2012. At current exchange rates
net sales were down 0.2%.
In the United StatesÂ sales in the fourth quarterÂ were down 2.1%, reflecting a
contracting food market and the sales effect of Hurricane Sandy last year. We
continue to build our online business and opened anotherÂ 31 pick-up points,
bringing the total toÂ 120Â in the United States. Market share for the year was
ahead of 2012 though down slightly in the fourth quarter due to the strong
comparative period last year as a result of Hurricane Sandy. Supported by the
ongoing progress on our cost reduction program, we expect underlying operating
margin to be broadly in line with the performance during the year.
In the Netherlands market conditions remained challenging and sales growth of
0.7% was mainly driven by the strong performance of our online businesses, both
atÂ albert.nlÂ andÂ bol.com.Â The addition of the C1000 stores is on track with 39
stores converted by year end. We continue to be pleased with the performance of
our Belgian stores where we operated 19 stores at year end. At Albert Heijn
transactions remained broadly stable at an identical base while basket size
continued to be under pressure. For the full year market share at Albert Heijn
increased slightly, although market share during the quarter was under pressure,
similar to the third quarter. We expect the underlying operating margin to be
slightly ahead of the prior quarter.
Our Slovakian business will no longer be reported under Other Europe but as
discontinued operations following the announcement of its divestment. In an
ongoing tough environment in the Czech Republic, sales were down 1.9%, while for
the year underlying operating margin is expected to continue to show an
Ahold Trading statement Q4 / FY 2013:
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