NETHERLANDS: Ahold corrects 2001, 2002 sales figures

Dutch retailer Royal Ahold has corrected the restated sales numbers for 2001 and 2002, which it issued last week, because of “typing errors”. In 2001 group sales were €54.40bn (US$63.73bn), rather than €54.04bn as stated last week. The company’s South American sales had been incorrectly stated as €917m instead of the correct value of €1.27bn.

May 22, 2003

Dutch retailer Royal Ahold has corrected the restated sales numbers for 2001 and 2002, which it issued last week, because of “typing errors”.

In 2001 group sales were €54.40bn (US$63.73bn), rather than €54.04bn as stated last week.

The company’s South American sales had been incorrectly stated as €917m instead of the correct value of €1.27bn.

The company also incorrectly stated its 2002 Europe sales as €3.42bn, when the correct value was €3.46bn.

“It wasn’t that the sales numbers we actually had were incorrect,” an Ahold spokeswoman told AP Online, “but mistakes were made in getting them into the press release.”