18
Ahold
Annual Report 2011
Groupata glance
Performance
Governance
Financials
Investors
Group performance continued
We believe that the economic environment will remain uncertain in 2012. We will stay focused on
simplifying our business in order to reduce costs so that we can invest in our offering to improve
the value we provide to our customers. We believe that our new growth strategy will ensure that
Ahold remains successful and at the forefront of the food retail industry. We are reshaping our
retail businesses to connect with our customers in a more personalized way and to provide an
even better shopping experience in our stores and online.
Reflecting the confidence we have in our strategy and our ability to generate cash, we propose
a 38 percent increase in our dividend to €0.40 per common share.
At current exchange rates, we expect net interest expense for 2012 to be in the range of
€220 million to €240 million and capital expenditures, excluding acquisitions, to be around
€0.9 billion.
