Trading update first quarter 2023

Veghel, 20 April 2023 - Sligro Food Group N.V. generated €634 million in revenue over the first quarter of 2023, up €166 million or 35.5% on the revenue of €468 million posted in the first quarter of 2022.

The revenue increase in the first quarter was positive, as expected. In the first few weeks of 2022, lockdowns were still in place, which ended over the course of that quarter. In increasing our revenue, we have exceeded the market in both countries and further reinforced our position.

Revenue growth in the Netherlands was entirely organic. In Belgium, the revenue came from the outlets acquired from Metro, which generated €31 million in revenue in the first quarter. We are delighted about and proud of the way we reopened the outlets following the acquisition. The revenue levels posted in the first quarter are encouraging.

We refrain from making concrete predictions about the half-year results. Instead, we focus our attention once again on several exceptional elements that are important or have the greatest impact in the first half-year in particular. In 2022, we posted a one-off book profit on the Smeding transaction. In 2023, we are facing additional SAP amortisation charges and start-up losses for the outlets acquired from Metro. The finance costs are increasing, due to general interest rate developments in the market.

The half-year figures will be published on 20 July.

On behalf of Sligro Food Group N.V.

Koen Slippens, CEO
Rob van der Sluijs, CFO

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Nomination of Mr Dirk Anbeek for appointment to the Supervisory Board of Sligro Food Group N.V.

Sligro Food Group’s Supervisory Board intends to nominate Mr Dirk J. Anbeek for appointment to the Supervisory Board during the Extraordinary General Meeting of Shareholders to be held on 29 June 2023.

This nomination is made in light of Mr Freek Rijna stepping down during the General Meeting of Shareholders on 27 March 2024, as per the rotation schedule. The Supervisory Board intends to have Mr Anbeek replace Mr Rijna as chair of the Supervisory Board on that date. Mr Anbeek will be a member of the Supervisory Board during the period up to 27 March 2024.

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Sligro Food Group posts €2,346 million sales in 2018

Sligro Food Group N.V.’s sales in 2018 amounted to €2,346 million, an increase of 9.6% compared with sales of €2,142 million in 2017.

Presentation annual figures 2018

Sligro Food Group will publish its 2018 annual figures on Thursday 24 January.

Press conference
Thursday, January 24, 2018, 11.00 AM
Location: Sligro Amsterdam, Van der Madeweg 39, Amsterdam-Duivendrecht

Analyst Meeting
Thursday, January 24, 2018, 01.30 PM
Location: Sligro Amsterdam, Van der Madeweg 39, Amsterdam-Duivendrecht

Conference call

Also a conference call will be hosted at 15.30 PM CET.
Rob van der Sluijs, CFO, will give an explanation of the annual figures.
If you want to participate in this conference call, please, sent an e-mail to Charissa Kleij, ckleij@sligro.nl or call ++31 413 343500 and you will receive the dial-in details from her.

Presentation Annual figures 2018

On Thursday, January 24, Sligro Food Group presents the Annual figures 2018.

Press conference
Thursday, January 24, 2018, 11.00 AM
Location: Sligro Amsterdam, Van der Madeweg 39, Amsterdam-Duivendrecht

Analyst Meeting
Thursday, January 24, 2018, 13.30 PM
Location: Sligro Amsterdam, Van der Madeweg 39, Amsterdam-Duivendrecht

Download Presentation Annual figures 2018
(3,1 MB)

Conference call

Also a conference call will be hosted at 15.30 hours CET.
If you want to participate, please call Charissa Kleij for registration and dial-in information, +31 413 34 35 00 or ckleij@sligro.nl

Sligro Food Group 2018 net profit: €276 million

Net profit for the year amounted to €276 million, an all-time record for the Group. 2018 was characterised by numerous extraordinary and non-recurring income and expenditure items. Adjusted for this, Ebit on our ‘continuing operations’ was €82 million, with a 9.5% increase in net sales to €2,346 million.

CEO Koen Slippens: “The theme for 2018 was ‘Focus’, which certainly did not mean limiting the number of issues we tackled. Focus means that everything we take on is targeted at achieving our ambition to be a leading international Food Service player. An incredible amount of hard work has gone into the sale and carve-out of EMTÉ, the successful first year of our partnership with Heineken, the design of our new organisation and management model, the integration and expansion of our activities in Belgium and all the preparations for our new international ERP landscape, testing the limits of our organisation. With growth of almost 9% in the Netherlands and just over 14% in Belgium, we have gained significant market share in both countries. The market conditions were favourable, and we expect them to remain so in the year ahead. This is accompanied by strong cost inflation that forces us to continue monitoring the balance between growth and cost control. This is an environment in which we as market leader feel very much at home and we are reflecting on the past year and looking ahead to 2019 with great vigour."

Read more in the press release.

Download Annual figures 2018
(586,8 kB)

Annual report

The 2018 Annual Report will be published on 5 February 2019. In our trading update of 18 April 2019, we will address the developments in the first quarter of 2019. The half-year figures will be published on 18 July 2019.

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Publication Annual report 2018

Jaarverslag 2018 sligro

The Sligro Food Group Annual report 2018 is published on 5 February 2019.

The Annual Report 2018 can be viewed in two ways:
1) Download the PDF:

Download Annual report 2018
(5,1 MB)

2) Online:

click here For more information or a hard copy of the Annual report, please contact us by sending an e-mail to Charissa Kleij: ckleij@sligro.nl

Annual General Meeting of shareholders

The General Meeting of Shareholders, AGM, will be held on March 20, 2019 at the offices of the Company, Corridor 11 Veghel, the Netherlands.

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Trading update first quarter 2019

Sligro Food Group N.V.’s sales for the first quarter of 2019 (13 weeks) were €528 million, an increase of €3 million or 0.5% compared with the figure of €525 million for the same period in 2018.

Adjusted for the date of Easter and the impact of the change in presentation of signing fees, there was an organic increase in sales in the Netherlands of 1.6%. In Belgium, there was an
organic increase in sales of 6.3%.

Sligro Food Group acquires De Kweker's wholesale activities in Amsterdam from Vroegop Ruhe & Co b.v.

Sligro Food Group N.V., Veghel, and VRC Holding B.V., Amsterdam, announce that they expect to reach agreement on the acquisition of the shares in Exploitatiemaatschappij Wheere B.V. by Sligro Food Group Nederland B.V. This will include the activities of Vroegop Ruhe & Co B.V., consisting of food wholesaler De Kweker, Vroegop AGF and freight company L.A.J. Duncker.

Food wholesaler De Kweker has a cash-and-carry warehouse at the Food Center Amsterdam (‘the wholesale market’) and focuses mainly on the restaurant sector in the Amsterdam urban area. The warehouse will, in the future, continue its activities with the same successful positioning and under the De Kweker name. The delivery activities will be integrated into Sligro’s existing Amsterdam delivery service once the floor space has been extended.