Albert Heijn owner Ahold posts slight rise in sales

albert heijn to goSupermarket group Ahold posted turnover of almost €33bn last year, up 0.5% on 2013, the owner of Albert Heijn said on Thursday. Net profit came in at just under €600m.

Special offers such as the crystal glasses campaign helped boost Albert Heijn’s market share slightly to just over 34%, broadcaster Nos reports.

Dutch market sales rose 4.5%, including online retailer, Ahold said.

Ahold earns 60% of its turnover in the US. Its 2014 net profit was depressed by a €200m out of court settlement involving the 10-year-old fraud at its former subsidiary US Food Service.

Ahold also announced a new €500m share buy-back plan following the completion of a €2bn programme in 2014.

Read the press release

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