Amsterdam, the Netherlands, 25 January 2008 – Ahold today announced consolidated net sales of Euro 6.6 billion for the fourth quarter ended December 30, 2007.
Compared to the fourth quarter of 2006, net sales increased by 0.2% and increased by 6.5% at constant exchange rates. For the full year, consolidated net sales of €28.2 billion were 1.2% higher compared to 2006. At constant exchange rates, consolidated net sales were up 6.1%.
In Europe, market conditions were favorable. In the United States, the turbulent economic environment did not have a significant impact on local market conditions. Price investments related to the further roll-out of the Value Improvement Program, launched in September 2006 at Stop & Shop and Giant-Landover, will continue to impact margins.
For full year 2007, Ahold reiterates that total retail operating margin will be at the higher end of its 4.0% to 4.5% guidance.