Ahold 1999 First-quarter Sales Up 27.2% to Euro 9.3 Billion -NLG 20.5 Billion-.ZAANDAM, The Netherlands--(BUSINESS WIRE)--May 10, 1999-- Royal Ahold (NYSE NYSE See: New York Stock Exchange : AHO), the leading international food retailer, achieved 1999 first-quarter (16 weeks) consolidated sales (excluding VAT) of Euro 9.3 billion (NLG NLG The ISO 4217 currency code for the Dutch Guilder. 20.5 billion), an increase of 27.2% over the first-quarter of 1998. At constant exchange rates, sales would have risen 31.7%. In the US, sales rose 36.7% to $6.1 billion, reflecting in large part the acquisition of Giant-Landover in October 1998. Excluding Giant-Landover, sales would have risen 6.3%. In The Netherlands,on (NLG 1.1 billion). All countries (Poland, Poron of Disco in Argentina and Santa Isabel in Chile. Bompreco in Brazil also achieved a clear improvement in sales, expressed in local currency. Sales in Asia rose 28.6% to Euro 132 million (NLG 290 million). Thailand, Malaysia, Singapore and China all contributed to the improved salesrove in all regions. Excluding currency fluctuan June 10, 1999. Royal Ahold is a rapidly In addition to its listing on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. (NYSE: AHO), Ahold's shares are trading on the Amsterdam Exchanges and on the Swiss Exchange Swiss Exchange The major securities market of Switzerland. , and Ahold options are also traded on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. (AMEX AMEX See: American Stock Exchange ). Ahold common shares may be accessed on the Reuter Equities 2000 Service under the symbol AHLN.AS and on Quotron under the symbol AHOLN.EU. Additional information is available on Ahold's home page: http://www.ahold.nl. Royal Ahold press releases may contain `forward-looking statements'. Actual results may differ from such statements as they may have been influenced by factors beyond the company's ability to control. |
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