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2015-05-27

Ahold: Ahold publishes First Quarter 2015 Results

Zaandam, the Netherlands
- Ahold today published its summary report for the first quarter of 2015.

* Q1 sales of €11.3 billion, up 14.9% driven by currency (up 1.4% at constant
exchange rates)
* Sales excluding gas up 3.1% at constant exchange rates
* Sales in the Netherlands up 5.7%, driven by successful promotions and
improved product offering
* Underlying operating margin of 3.5%, reflects investments in growth and
higher insurance charge
* Conversion of SPAR stores in the Czech Republic completed

CEO Dick Boer said: "We are encouraged by the positive momentum in our sales
trend, with sales growth of 3.1% excluding gas and at constant exchange
rates, despite the adverse timing of Easter. We have continued to respond to
the changing needs of our customers, by making further price investments,
increasing and improving our assortments, expanding our store network,
introducing new formats and continuing to strengthen our leading online
proposition.

"In the Netherlands, Albert Heijn delivered strong sales growth, supported by
successful promotions, and continued to improve its product assortment to
further differentiate its offering. Albert Heijn grew market share in the
Netherlands and we made further progress expanding our network in Belgium
with new store openings bringing the total to 30 stores. In the U.S., we saw
further benefits from our improved customer proposition, which we have
continued to roll out to more stores during the quarter, resulting in an
increased volume market share. In the Czech Republic, we completed the
process of rebranding the 49 SPAR stores.

"Our business performance remains on track to deliver in line with full year
expectations. We continue to execute our Reshaping Retail strategy, offering
quality and value to our customers."

Please followthis linkto watch a video interview with Jeff Carr, Ahold CFO.

Full Q1 2015 Report and Q1 2015 Presentation attached as PDF to this message.

Ahold Q1 2015 Results (report)
http://hugin.info/130711/R/1924042/690094.pdf
Ahold Q1 2015 Presentation
http://hugin.info/130711/R/1924042/690095.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Ahold via Globenewswire

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