Ahold, the international food retail and foodservice company, achieved net earnings of Euro 1.11 billion for full-year 2001 (52 weeks) after goodwill amortization and exceptional charges including the impact of the devaluation of the Argentine Peso.
The aggregate impact in Euros was 411 million. Before goodwill amortization and exceptional charges including the impact of the Argentine Peso devaluation, net earnings for 2001 amounted to Euro 1.5 billion (2000: Euro 1.1 billion), a rise of 36.2%. Consolidated net sales in 2001 rose 29.2% to Euro 66.6 billion (2000: Euro 51.5 billion). Organic sales growth was 6.1% (2000: 6.3%) and organic earnings growth was very strong at 20.2% (2000: 16.8%). Operating earnings (EBITA) rose 30.7% to Euro 3.0 billion (2000: Euro 2.3 billion). EBITA amounted to 4.5% of net sales (2000: 4.4%).
EBITDA increased by 30.0% to Euro 4.5 billion (2000: Euro 3.5 billion). EBITDA amounted to 6.7% of net sales (2000: 6.7%). Earnings per share amounted to Euro 1.25. Earnings per share, before goodwill amortization and exceptional charges including the impact of the Argentine Peso devaluation increased 16% to Euro 1.73 (2000: Euro 1.49). Excluding currency fluctuations, adjusted earnings per share rose 15.1%.
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(source: Royal Ahold)
