November 18, 2009 00:59 ET

Ahold Earnings Q3 2009

AMSTERDAM, NETHERLANDS--(Marketwire - November 18, 2009) -


* Sales up 4.3% to EUR 6.0 billion (up 2.6% at constant exchange rates)

* Operating income up 1.5% to EUR 265 million

* Net income EUR 238 million

* Volume growth in all markets

* New company-wide cost reduction program

Amsterdam, the Netherlands - Ahold today published its interim report for the third quarter of 2009. CEO John Rishton said: "We have again delivered solid results in a challenging environment. Volumes grew in all markets with good sales performance in the U.S., reflecting ongoing investment in value for our customers. In the Netherlands, we continued to grow market share and again delivered a strong margin reflecting effective cost management. We continue to adapt to the challenging environment, balancing sales and margins while seeking to grow market share and volumes.

"To continue to provide value to our customers, we have launched a new EUR 350 million cost reduction program for the three years ending in 2012. This program will focus on all aspects of our business, including store expenses, supply chain, and overhead across the group. Separately, we will deliver additional sourcing cost savings over the same period.

"On November 5, we announced organization changes to build a strong platform for growth and to provide even greater focus on our customers. We will pursue opportunities to grow within existing and new markets."

                   Q3       Q3          %    Q3 YTD   Q3 YTD         %
(EUR  million)    2009     2008*   change     2009    2008*     change

Net sales        6,040    5,789    4.3%**   21,124   19,072     10.8%**
income             265      261    1.5%        956      832     14.9%
Income from
operations         239      187    27.8%       684      585     16.9%
Net income         238      195    22.1%       629      794   (20.8)%

* 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 2.6% in Q3 2009 (Q3 YTD 2009: 4.5%).

Ahold Press Office: +31 (0)20 509 5291

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

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Ahold Earnings Q3 2009:

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