NETHERLANDS: Exchange rates hit Ahold's Q3 sales
Beleaguered Dutch retail giant Ahold has reported consolidated sales of €13.0bn (US$15.2bn) for the third quarter to 5 October, a decline of 7.1% compared to the year-ago period. The company, which is struggling to recover from a massive accounting scandal, said sales were significantly impacted by the lower currency exchange rates of the US dollar in particular. Sales excluding currency impact increased by 2.7%.
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