Five-year overview
2 www.ahold.com/reports2008
Results and cash flow information
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-
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Balance sheet and other information
Investor relations ahold annual report 2008 1 119
million, except per share data
2008
20071
20061
20051
20041
Net sales
25,722
24,893
24,642
23,767
23,117
Net sales growth at constant exchange rates
6.9%
6.6%
4.2%
2.3%
4.3%
operating income
1,198
1,068
989
772
819
Retail operating margin
5.0%
4.9%
4.8%
4.6%
4.9%
Net interest expense
(234)
(294)
(452)
(520)
(641)
Income (loss) from continuing operations
868
753
649
(147)
646
Income from discontinued operations
211
2,192
266
293
237
Net income
1,079
2,945
915
146
883
Net income per common share (basic)
0.91
2.03
0.58
0.08
0.56
Net income per common share (diluted)
0.89
2.01
0.58
0.08
0.56
Income (loss) per common share from
continuing operations (diluted)
0.73
0.52
0.42
(0.09)
0.42
Dividend per common share
0.184
0.16
Cash flow before financing activities
1,272
6,627
1,028
2,057
2,033
Net cash from operating, investing and financing activities
(445)
1,487
(249)
(1,137)
25
Capital expenditures3
1,019
738
857
770
973
Capital expenditures as of net sales3
4.0%
3.0%
3.5%
3.2%
4.2%
Average exchange rate (euro per U.S. dollar)
0.6828
0.7307
0.7964
0.8051
0.8050
1 Comparative figures have been adjusted from amounts previously reported to reflect the effect of discontinued operations.
2 Includes the settlement of the securities class action (EUR 803 million).
3 Excludes assets acquired under finance leases, business acquisitions and discontinued operations.
4 Subject to approval by the General Meeting of Shareholders.
December 28,
December 30,
December 31,
January 1,
January 2,
million
2008
2007
2006
2006
2005
Group equity
4,676
3,887
5,270
4,661
3,917
Gross debt
4,241
5,379
6,480
7,748
10,020
Cash and cash equivalents
2,863
3,263
1,844
2,228
3,205
Net debt
1,378
2,116
4,636
5,520
6,815
Net debt-equity ratio
29%
54%
88%
118%
174%
Total assets
13,592
13,944
18,442
19,958
21,344
Number of stores
2,897
3,225
3,480
3,455
4,072
Number of employees (in FTEs)
118,523
118,715
164,078
167,801
206,441
Common shares outstanding (x 1,000)
1,176,685
1,171,922
1,555,678
1,555,313
1,554,263
Share price at Euronext
8.83
9.47
8.06
6.33
5.70
Market capitalization
10,390
11,098'
12,539
9,845
8,859
Year-end exchange rate (euro per U.S. dollar)
0.7111
0.6795
0.7576
0.8444
0.7375
1 In 2007, EUR 4.0 billion was returned to shareholders through a capital repayment and a share buyback program.
