€30.3 billion
4.8%
€1.3 billion
Group highlights
In 2011, we made solid progress with our
strategy for sustainable profitable growth.
We also embarked on our new strategy to reshape
retail at Ahold and accelerate our company's
growth. Highlights include:
per common share
Ahold Group
Net sales
Performance by segment
Ahold
Annual Report 2011
Group at a glance
Performance
Governance
Financials
Investors
+5.5% at constant exchange rates
Underlying retail operating margin
Operating income
Up €11 million or 0.8% from 2010
Proposed dividend
€0.40
+38% compared to last year's dividend
Net sales million)
Contribution by segment
2011
Growth1
Ahold USA
18,026
6.6%
I The Netherlands
10,506
4.2%
Other Europe
1,739
2.4%
Total
30,271
5.5%
1 At constant exchange rates.
Underlying retail operating income million)
2011
Underlying
margin
Ahold USA
769
4.3%
I The Netherlands
666
6.3%
Other Europe
20
1.2%
Total
1,455
4.8%
Contribution by segment
