NETHERLANDS: Ahold's Schuitema posts 19% rise in Q1 net profit
Dutch supermarket group Schuitema, which is majority-owned by troubled Dutch retailer Ahold, has reported a 19% rise in first-quarter net profit. The retailer's net profit rose to €10.8m (US$12.4m), compared with €9.1m a year earlier, while sales rose 11.7% to €986m. Schuitema said its share of the Dutch retail market, which is dominated by Ahold's Albert Heijn chain, rose to 15.8%, compared to 15% in the first quarter of last year.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- General Mills sales woes continue - analysis
- Why personalisation will take-off in US food
- Comment: Meal kits in US - don't believe the hype
- US food next wave on display at Winter Fancy Food
- Column: Kraft Heinz, Unilever and sustainability
- Unilever 'lining up spreads sale'
- UK own-label firm Park Cakes sold in MBO
- Immigration crackdown "risk" for US dairy industry
- BRF plant suspended amid bribery allegations
- Kraft Heinz cuts jobs in US, Canada