AHOLD: SCANDAL AFFECTS 2003 RESULTS

ZAANDAM, Netherlands -- Ahold here said its performance in 2003 would be negatively affected by activities surrounding its massive financial scandal, which was in large part related to overstatements of vendor allowances at its food-service division in the United States.Also, after reporting earlier this month a loss of $1.4 billion for fiscal 2002 using Dutch accounting standards, Ahold revealed

ZAANDAM, Netherlands -- Ahold here said its performance in 2003 would be negatively affected by activities surrounding its massive financial scandal, which was in large part related to overstatements of vendor allowances at its food-service division in the United States.

Also, after reporting earlier this month a loss of $1.4 billion for fiscal 2002 using Dutch accounting standards, Ahold revealed that the loss using U.S. accounting rules was 4.33 billion euros, or $5.1 billion. Most

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