The profit for the year amounted to almost €70 million. That is down by almost €9 million or 11.1% compared with 2011. The reported profit however came in significantly higher than our original forecast.
As announced on 2 January 2013, sales revenu in 2012 totalled €2,467 million, an increase of 1.9%. Like-for-like sales growth also amounted to 1.9%. In the second half of 2012, the pressure on profits eased considerably as a result of the action that had been taken. In the first half of 2012, profits were down by 22.6%, but by 2.3% in the second half.
CEO Koen Slippens: Despite difficult economic conditions, Sligro Food Group had, in the course of 2012, increasing success in limiting their impact. The present economic climate calls for change and decisive action. It is good to see that the direction we took began to bear fruit as the year progressed and our profits recovered in the second half of 2012.
Read more in the press release below, the presentation or watch the video explanation.