Ahold Trading Statement Q4 and 2009
21 Enero 2010 - 12:28AM
Marketwired
Ahold today announced consolidated net sales of EUR 6.8 billion for
the fourth quarter ending January 3, 2010. Net sales increased by
3.4% and increased by 11.0% at constant exchange rates compared to
the fourth quarter of 2008. For the full year, net sales were EUR
27.9 billion, 8.9% higher compared to 2008. At constant exchange
rates, net sales for the full year were up 6.0%.
Consolidated net sales in the fourth quarter and the full year
of 2009 were positively impacted by an additional week compared
with the previous year. Net sales in the fourth quarter 2009
increased by 2.1% at constant exchange rates on an adjusted basis.
Net sales for the full year 2009 were up 3.9% at constant exchange
rates on an adjusted basis.
Ahold delivered strong volume growth in all markets in the
fourth quarter. Sales were impacted by deflation and trading down
by customers while increased promotional activity continued.
Ahold Persvoorlichting: +31 (0)20 509 5291
Ahold Investor Relations +31 (0)20 509 5216
Sales performance
Stop & Shop/Giant-Landover
Fourth Quarter
* Net sales increased 10.5% to $4.4 billion. Net sales increased 1.8%
when compared to the adjusted fourth quarter 2008 sales.
* Identical sales increased 1.0% at Stop & Shop (decreased 0.4%
excluding gasoline) and increased 2.4% at Giant-Landover
(1.6% excluding gasoline).
* Comparable sales increased 1.3% at Stop & Shop and increased 2.9% at
Giant-Landover.
Full Year
* Net sales increased 4.6% to $17.9 billion. Net sales increased 2.6%
when compared to the adjusted full year 2008 sales.
* Identical sales increased 1.6% at Stop & Shop (2.2% excluding gasoline)
and increased 3.0% at Giant-Landover (2.6% excluding gasoline).
* Comparable sales increased 2.1% at Stop & Shop and increased 3.5% at
Giant-Landover.
Giant-Carlisle
Fourth Quarter
* Net sales increased 15.0% to $1.3 billion. Net sales increased 6.0%
when compared to the adjusted fourth quarter 2008 sales.
* Identical sales increased 2.8% (1.0% excluding gasoline).
* Comparable sales increased 4.0%.
Full Year
* Net sales increased 4.6% to $5.0 billion. Net sales increased 2.6%
when compared to the adjusted full year 2008 sales.
* Identical sales increased 0.3% (2.2% excluding gasoline).
* Comparable sales increased 1.3%.
Albert Heijn
Fourth Quarter
* Net sales increased 12.3% to EUR 2.5 billion. Net sales increased 3.0%
when compared to the adjusted fourth quarter 2008 sales.
* Net sales at Albert Heijn supermarkets were EUR 2.3 billion, up 12.4%
compared to last year. Net sales at Albert Heijn supermarkets increased
3.2% compared to the adjusted fourth quarter 2008 sales.
* Identical sales at Albert Heijn supermarkets increased 1.2%.
Full Year
* Net sales increased 9.7% to EUR 9.8 billion. Net sales increased 7.3%
when compared to the adjusted full year 2008 sales.
* Net sales at Albert Heijn supermarkets were EUR9.0 billion, up 9.7%
compared to last year. Net sales at Albert Heijn supermarkets increased
7.4% compared to the adjusted full year 2008 sales mainly due to the
conversion of former Schuitema stores into the Albert Heijn format in
the second half of 2008.
* Identical sales at Albert Heijn supermarkets increased 1.7%.
Albert/Hypernova (Czech Republic and Slovakia)
Fourth Quarter
* Net sales decreased 1.8% to EUR 431 million (0.1% at constant exchange
rates). When compared to the adjusted fourth quarter 2008 sales, net
sales decreased 7.0% at constant exchange rates. Sales were negatively
impacted by store closures as part of our restructuring program.
* Identical sales decreased 1.4% (2.3% excluding gasoline).
Full Year
* Net sales decreased 5.0% to EUR 1.7 billion (0.6% at constant exchange
rates). When compared to the adjusted full year 2008 sales, net sales
decreased 2.4% at constant exchange rates.
* Identical sales decreased 1.2% (1.2% excluding gasoline).
Unconsolidated joint venture - ICA
Fourth Quarter
* Net sales increased 0.8% to EUR 2.4 billion. At constant exchange
rates, net sales increased 0.1%.
Full Year
* Net sales decreased 5.7% to EUR 8.9 billion. At constant exchange
rates, net sales increased 1.7%.
Net sales per segment
---------------------------------------------------------------------------
Q4 2009 Q4 2008* % FY 2009 FY 2008* %
(in millions) (13 weeks) (12 weeks) Change (53 weeks) (52 weeks) Change
---------------------------------------------------------------------------
All segments
(in euros)
Stop & Shop/
Giant-Landover 3,010 3,067 (1.9)% 12,839 11,666 10.1%
Giant-Carlisle 869 851 2.1% 3,560 3,238 9.9%
Ahold USA 3,879 3,918 (1.0)% 16,399 14,904 10.0%
Albert Heijn 2,491 2,219 12.3% 9,843 8,972 9.7%
Albert/Hypernova 431 439 (1.8)% 1,683 1,772 (5.0)%
Ahold Europe 2,922 2,658 9.9% 11,526 10,744 7.3%
---------------------------------------------------------------------------
Ahold Group 6,801 6,576 3.4% 27,925 25,648 8.9%
---------------------------------------------------------------------------
Unconsolidated joint
venture - ICA** 2,375 2,356 0.8% 8,919 9,460 (5.7)%
Average U.S. dollar
exchange rate
(euro per U.S.
dollar) 0.6767 0.7625 (11.3)% 0.7194 0.6828 5.4%
---------------------------------------------------------------------------
---------------------------------------------------------------------------
U.S. segments
(in U.S. dollars)
Stop & Shop/
Giant-Landover 4,443 4,022 10.5% 17,867 17,074 4.6%
Giant-Carlisle 1,282 1,115 15.0% 4,958 4,738 4.6%
---------------------------------------------------------------------------
* Due to changes in accounting policies applied retrospectively,
comparative information has been changed as explained further under
Notes to this Trading Statement.
** The quarter and financial year for the ICA unconsolidated joint venture
corresponds to the calendar quarter and year respectively, and
accordingly there was no 53rd week impact.
Notes
The net sales figures presented in this trading statement are preliminary
and unaudited.
Changes in accounting policies
* As of 2009, Ahold has applied IFRIC 13 "Customer Loyalty Programs",
which addresses accounting by entities that grant customer loyalty
award credits to their customers. The adoption of IFRIC 13, which
Ahold has applied retrospectively, resulted in a EUR 4 million
decrease in net sales at Albert
Heijn for the fourth quarter of 2008 (Full year 2008: EUR 14 million).
* As of 2009, rent income earned by certain real estate subsidiaries is
netted against the related expense, whereas previously it was included
in net sales. Comparative information has been changed accordingly,
with the effect that net sales for the fourth quarter of 2008 decreased
by EUR 15 million (Full year 2008: EUR 60 million), predominantly at
Albert Heijn.
Definitions
* Identical sales: net sales from exactly the same stores in local
currency for the comparable period (comparable period corresponds to
the adjusted fourth quarter 2008 and the adjusted full year 2008
respectively).
* Comparable sales: identical sales plus net sales from replacement
stores in local currency.
* Constant exchange rates: excludes the impact of using different
currency exchange rates to translate the financial information of
Ahold subsidiaries
or joint ventures to euros. For comparison purposes, the financial
information of the previous year or quarter is adjusted using the
average currency exchange rates for the current year or quarter in
order to understand this currency impact.
Non-GAAP financial measures
This trading statement includes the following non-GAAP financial measures:
* Net sales at constant exchange rates. Net sales at constant exchange
rates exclude the impact of using different currency exchange rates to
translate the financial information of Ahold subsidiaries or joint
ventures to euros. Ahold's management believes this measure provides a
better insight into the operating performance of Ahold's foreign
subsidiaries or joint ventures.
* Net sales in local currency. In certain instances, net sales are
presented in local currency. Ahold's management believes this measure
provides a better insight into the operating performance of Ahold's
foreign subsidiaries.
* Identical sales, excluding gasoline net sales. Because gasoline prices
have experienced greater volatility than food prices, Ahold's
management believes that by excluding gasoline net sales, this measure
provides a better insight into the growth of its identical store sales.
* Adjusted fourth quarter 2008 sales. Adjusted fourth quarter 2008 sales
include net sales in the fourth quarter of 2008 plus net sales in the
first week of 2009. Ahold's management believes that this measure
provides an insight into the impact of an additional week when net
sales are compared to the same quarter in the previous year.
* Adjusted full year 2008 sales. Adjusted full year 2008 sales include
net sales in full year 2008 plus net sales in the first week of 2009.
Ahold's management believes that this measure provides an insight into
the impact of an additional week when net sales are compared to the
previous year.
Other
* Ahold's financial year 2009 comprised an additional 53rd week. This
follows from our use of a 364-day calendar (13 four-week periods per
year) which requires an extra week in certain years in order to align
our year end as closely as possible to the calendar year.
* In the future, Ahold will dispense with the quarterly trading
statements and only issue an annual trading statement following its
fourth quarter.
Please open the link below for the full version of the Trading
Statement Fourth Quarter and Year 2009:
Ahold Trading Statement Q4 and 2009:
http://hugin.info/130711/R/1375458/337468.pdf
Royal Ahold (NYSE:AHO)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
Royal Ahold (NYSE:AHO)
Gráfica de Acción Histórica
De May 2023 a May 2024