CONSOLIDATED RESULTS SUMMARY
TOTAL COMPANY NET SALES
(53
weeks)
(0.3)
TOTAL COMPANY GROSS PROFIT
The following table sets forth a summary of our consolidated
statements of operations for 2005 and 2004:
2005
2004
Euros in millions, except percentages and per share data
(52 weeks)
1 of net
1 sales
(53 weeks)
1 of net
1 sales
Net sales
Gross profit
Operating expenses
Operating income
Net financial expense
Share in income of joint ventures and associates
Income taxes
Income (loss) from continuing operations
Income from discontinued operations
Net income
Income (loss) per share from continuing operations attributable to
common shareholders
Basic
Diluted
44,496
9,206
(8,958)
248
(646)
155
205
(38)
197
159
(0.04)
(0.04)
100.0
20.7
20.1
0.6
1.5
0.4
0.5
0.1
0.4
0.4
44,610
9,212
(8,289)
923
(281)
138
(147)
633
265
898
0.40
0.40
100.0
20.7
18.6
2.1
0.6
0.3
0.3
1.4
0.6
2.0
The following table sets forth our net sales by arena and
other business segments for 2005 and 2004:
2005
2004
Euros in millions, except
percentages, excluding
intersegment sales
(52
weeks)
Change
Retail
Stop Shop/
Giant-Landover Arena
13,161
1.6
12,949
Giant-Carlisle/Tops Arena
4,989
(4.2)
5,209
Albert Heijn Arena
6,585
2.6
6,418
Central Europe Arena 1
1,761
4.6
1,683
Schuitema
3,128
(1.7)
3,181
Total retail
29,624
0.6
29,440
Foodservice
U.S. Foodservice
14,872
(2.0)
15,170
Total Company
44,496
44,610
1 The financial year for the Central Europe Arena corresponds to the calendar year.
Consequently, financial year 2004 did not contain an additional week.
Our consolidated net sales decreased in 2005 compared
to 2004 primarily as a result of the positive impact of the
additional week in 2004. Excluding week 53 of 2004, net
sales in 2005 increased by 1.5%.
Among the most significant factors affecting net sales in
2005 was the decision of U.S. Foodservice to exit certain
businesses and the divestments of 198 Wilson Farms and
SugarCreek convenience stores in the Giant-Carlisle/Tops
Arena, which had a negative impact on our net sales in
2005 compared to 2004. Higher net sales in the Stop
Shop/Giant-Landover Arena and the Albert Heijn Arena
had a positive impact on our 2005 net sales.
Currency exchange rates had almost no impact on our net
sales in 2005 compared to 2004. The average U.S. dollar
to euro exchange rate for full year 2005 remained stable
compared to full year 2004.
The following table sets forth our gross profit and gross
profit margins for 2005 and 2004:
2005
2004
Euros in
millions,
except
percentages
(52
weeks)
of net
sales
(53
weeks)
of net
sales
Net sales
44,496
100.0
44,610
100.0
Cost of sales
(35,290)
79.3
(35,398)
79.4
Gross profit
9,206
20.7 1
9,212
20.6 1
1 Gross profit margin is gross profit as a percentage of net sales.
AHOLD ANNUAL REPORT 2005 61
