NETHERLANDS: Ahold Q1 sales climb 22% to €22.2bn

Dutch grocery giant Royal Ahold NV revealed Q1 sales of €22.2bn (US$20.2bn) yesterday (Tuesday), up 22% year on year. The growth was slightly up on analysts' expectations, which had placed Ahold's anticipated revenue at between €21.5bn and €21.9bn. The company added that its sales growth before acquisitions was 5.4%, and that its operations in the US saw sales increase 16% for the Q1 period, to US$7.9bn.

May 8, 2002

Dutch grocery giant Royal Ahold NV revealed Q1 sales of €22.2bn (US$20.2bn) yesterday (Tuesday), up 22% year on year.

The growth was slightly up on analysts’ expectations, which had placed Ahold’s anticipated revenue at between €21.5bn and €21.9bn.

The company added that its sales growth before acquisitions was 5.4%, and that its operations in the US saw sales increase 16% for the Q1 period, to US$7.9bn.