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Ahold First Quarter

Executive Summary

  • Dutch grocer Ahold posted 1Q sales up 14.9% as currency effects boosted reported revenues.
  • Sales grew just 1.4% at constant exchange rates.
  • Sales in the Netherlands were up 5.7% in the quarter, while USA sales were down 2.1% at constant rates.
  • Underlying operating income fell 11.9%, with this measure down 7.7% in the US and down 5.7% in the Netherlands.

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