Ahold 2001 sales surge 27% to record Euro 66.6 billion

Ahold, the Netherlands-based international food retail and foodservice company with major operations in the United States and Europe, today reported full-year 2001 consolidated sales of Euro 66.6 billion, a 27% increase over the Euro 52.5 billion sales generated in 2000.

Organic sales growth at constant currency rates was 6.4% higher for the year. Ahold reconfirmed its full-year 2001 outlook of 15% earnings per share growth, excluding currency impact, goodwill amortization and exceptional one-time charges related to the acquisition of Alliant Foodservice and the Argentine Peso devaluation. For full-year 2002, Ahold expects to again deliver 15% earnings per share growth, excluding currency impact and goodwill amortization. In a statement, President and CEO Cees van der Hoeven said ?the company is in excellent shape and eager to deliver again on its promises.? Ahold is set to report detailed 2001 results and 2002 outlook on March 7.

(source: Ahold)

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