Ahold income climbs on strength in U.S.
August 26, 2010
by Eric Schroeder
AMSTERDAM, THE NETHERLANDS —Royal Ahold n.v., the owner of Stop & Shop stores in the United States, posted net income of €202 million ($257 million) in the second quarter, up 3% from €196 million in the same period a year ago.
Operating income for the total group rose 18% to €347 million ($442 million), up from €295 million. Total group sales climbed 11% to €7,126 million ($9,082 million) from €6,430 million.
EBITDA within Ahold USA rose 17% to €345 million ($440 million), up from €295 million on a 16% gain in sales to €4,418 million ($5,636 million). Operating income at Ahold USA was €217 million ($277 million), up 20%. Last year’s operating income included impairments of $7 million.