History - 2002

December

  • U.S. Foodservice signs and closes a transaction to acquire broadline foodservice distributor Allen Foods, Inc. of St. Louis, Missouri.

November

  • Ahold President & CEO Cees van der Hoeven announces "Tough program for future growth and profitability" focused on portfolio rationalization and debt reduction.

October

  • Ahold announced it successfully completed its tender offer for the outstanding Shares of common stock and American Depositary Shares ("ADSs") of Chilean supermarket company Santa Isabel S.A. not already owned by it.

September

  • U.S. Foodservice announces agreement to acquire certain assets and assume certain liabilities of Kansas City-based, prominent regional broadline foodservice distributor, Lady Baltimore Foods, Inc. ("Lady Baltimore").

August

  • Ahold 2nd quarter 2002 net loss of euro 197.5 million
  • Wholly-owned Polish subsidiary Ahold Polska Sp.z o.o. ("Ahold Polska") reaches agreement in principle to acquire five hypermarkets from Jerónimo Martins Sp.z o.o.
  • Ahold announces intention to tender offers for any and all of the outstanding shares of common stock ("Shares") and American Depositary Shares ("ADSs") of Chilean supermarket company Santa Isabel S.A. not already owned by it.
  • Ahold assumes full control of Disco Ahold International Holdings (DAIH), its former Latin American joint venture company with Velox Retail Holdings (VRH).

July

  • Ahold revises full-year 2002 EPS growth target to 5 - 8%

June

  • Ahold adjusts conversion price of its 3% convertible subordinated notes due 2003 and its 4% convertible subordinated notes due 2005.
  • Ahold announces 1st quarter 2002 net earnings rise of 3.8% to euro 328.4 million

May

  • Ahold announces 2002 first quarter sales rise and organic sales growth of 5.4%

April

  • Ahold opens new financial center, Ahold Finance Group Suisse, in Geneva, Switzerland

March

  • Ahold announces 2001 net earnings of euro 1.11 billion

February

  • Ahold introduces two new Albert Heijn supermarket formats in The Netherlands - Albert Heijn XL and AH to go
  • Already a market leader in The Netherlands, Etos health and beauty care stores open in Sweden

January

  • Ahold, La Fragua and CSU complete new joint venture in Central America, realizing regional store network with sales of USD 1.3 billion.
  • Ahold announces 2001 sales surge: 27% to record euro 66.6 billion