30
Europe
2.2%
Other
Highlights of the year
Net sales
Operating income
Ahold
Annual Report 2011
Groupata glance
Performance
Governance
Financials
Investors
Performance by segment continued
Sales million)
2011 1,739
2010
1,660
Identical sales growth
Contribution to Group sales
5.7%
Operating income million)
2011 18
2010 10
100/ On an underlying
2 basis
Number of stores (at year end)
Czech Republic
Slovakia
2011 2010
280 279
26 26
Other Europe
306
305
Albert Hypernova increased profitability, driven by a continuous focus on operational
efficiencies and its commercial propositions
Albert opened a new compact hyper format in the town of Svitavy in the Czech Republic
Albert launched innovative customer marketing campaigns, the most successful of which
was its Smurfs campaign, aligned with the popular movie
Albert Hypernova in the Czech Republic and Slovakia comprise the segment called Other
Europe. The following table contains operational and financial information, including net sales
and operating income, for Other Europe in 2011 and 2010:
2011 2010
Net sales in millions
1,739
1,660
Change in identical sales
2.2%
0.8%
Change in identical sales (excluding gasoline sales)
1.8%
0.7%
Operating income in millions
18
10
Operating income as a percentage of net sales
1.0%
0.6%
Underlying operating income as a percentage of net sales
1.2%
1.0%
Number of employees at year-end (in thousands headcount)
12
12
Number of employees at year-end (in thousand FTEs)
10
11
Sales area of own operated stores (in thousands of square meters)
453
452
Net sales amounted to €1.7 billion in 2011, an increase of 2.4 percent at constant exchange
rates. Identical sales, excluding gasoline, increased 1.8 percent as a result of the solid
performance of the Albert supermarkets. Sales growth benefited from an overall focus on
promotions and the full year impact of extended store opening hours.
Albert Hypernova reported operating income of €18 million, an improvement of €8 million over
last year. In 2011the company was able to offset pressure on gross margins (from product cost
inflation and a competitive, promotion-driven market) through a more competitive cost base, and
by continuing to focus on operational improvements and simplification. 2011 operating income
included €2 million in impairment charges.
