o www.ahold.com/reports2009
Five-year overview
-
-
Investors
Results and cash flow information
million, except per share data
2009
20081
20071
20061
20051
Net sales
27,925
25,648
24,824
24,584
23,700
Net sales growth at constant exchange rates
3.9%2
6.9%
6.6%
4.2%
4.3%
Operating income
1,297
1,202
1,071
992
814
Retail operating margin
4.9%
5.0%
4.9%
4.8%
4.7%
Net interest expense
(289)
(233)
(293)
(450)
(520)
Income (loss) from continuing operations
972
887
779
680
(108)
Income (loss) from discontinued operations
(78)
195
2,167
235
254
Net income
894
1,082
2,946
915
146
Net income per common share (basic)
0.76
0.92
2.03
0.58
0.08
Net income per common share (diluted)
0.74
0.90
2.01
0.58
0.08
Income (loss) per common share from
continuing operations (diluted)
0.81
0.74
0.53
0.44
(0.07)
Dividend per common share
0.23
0.18
0.16
Cash flow before financing activities
939
1,271
6,626
1,027
2,057
Net cash from operating, investing and financing activities
(169)
(445)
1,487
(249)
(1,137)
Capital expenditures
770
1,019
738
857
770
Capital expenditures as of net sales
2.8%
4.0%
3.0%
3.5%
3.2%
Average exchange rate (euro per U.S. dollar)
0.7194
0.6828
0.7307
0.7964
0.8051
1 Reference is made to Note 3 of the consolidated financial statements. Comparative amounts have been adjusted from amounts previously reported to reflect the effect of the
changes in accounting policies and retrospective amendments. These changes have also resulted in a €9 million decrease in income from discontinued operations and net
income previously reported for 2007 in connection with the currency translation differences related to divestments transferred to net income
2 Net sales growth at constant exchange rates was 6.0 percent. Net sales increased by 3.9 percent at constant exchange rates on an adjusted basis. Ahold's financial year 2009
included an additional 53rd week. For the net sales growth at constant exchange rates on an adjusted basis, adjusted year 2008 sales include net sales in year 2008 plus net
sales in the first week of 2009.
3 Net sales growth at constant exchange rates was 2.3 percent. Net sales increased by 4.3 percent at constant exchange rates on an adjusted basis. Ahold's financial year 2004
included an additional 53rd week. For the net sales growth at constant exchange rates on an adjusted basis, adjusted year 2004 sales exclude net sales in the 53rd week of 2004.
4 Includes the settlement of the securities class action (€803 million).
Balance sheet and other information
million
January 3,
2010
December 28,
20081
December 30,
20071
December 31,
2006
January 1,
2006
Equity
5,440
4,687
3,8972
5,270
4,661
Gross debt
3,700
4,241
5,379
6,480
7,748
Cash, cash equivalents and short-term deposits
2,983
2,863
3,263
1,844
2,228
Net debt
717
1,378
2,116
4,636
5,520
Net debt/equity ratio
13%
29%
54%
88%
118%
Total assets
13,933
13,603
13,953
18,442
19,958
Number of stores
2,909
2,897
3,225
3,480
3,455
Number of employees (in FTEs)
118,121
118,523
118,715
164,078
167,801
Number of employees (headcount)
206,287
202,569
187,503
186,332
184,736
Common shares outstanding (x 1,000)
1,181,214
1,176,685
1,171,922
1,555,678
1,555,313
Share price at Euronext
9.26
8.83
9.47
8.06
6.33
Market capitalization
10,938
10,390
11,0982
12,539
9,845
Year-end exchange rate (euro per U.S. dollar)
0.6980
0.7111
0.6795
0.7576
0.8444
1 Reference is made to Note 3 of the consolidated financial statements. Comparative amounts have been adjusted from amounts previously reported to reflect the effect of the
changes in accounting policies and retrospective amendments.
2 In 2007, €4.0 billion was returned to shareholders through a capital repayment and a share buyback program.
Ahold Annual Report 2009 127
