The Dutch store chain Ahold reported on Friday, August 26, that it had made a net profit growth of 7.2% to EUR 209 million in the second quarter, marking the first return on investment following the July merger with the Belgian Delhaize Group. The sales increased by 3% to EUR 8.95 billion relative to the corresponding period of 2015.
The CEO of Ahold, Dick Boer, noted with pride that the company's operating income had reached EUR 335 million, which marked a growth of 7.3%.
In the United States of America, where Ahold realizes around two thirds of its total sales, the group recorded a sales increase of 2.4% to EUR 5.53 billion. The Group also noted that online sales had jumped by over 30%.
Ahold and Delhaize own 6,750 stores in Europe and the USA and employ 380,000 people.
The company, headquartered in Zaandam, not far from Amsterdam, announced the merger with Delhaize back in June 2015 with the aim of creating one of the largest retail store chains with a turnover of more than EUR 54 billion.
The couple's last year's sales amounted to EUR 62.6 billion, with EUR 38.2 billion made by Ahold and EUR 24.4 billion by Delhaize.
Follow the news, tenders, grants, legal regulations and reports on our portal.
Register for our daily business bulletin, which is sent to your email address at the end of each work day.
Full information is available only to commercial users-subscribers and it is necessary to log in.
Test for free!
Full information is available to commercial users-subscribers only.