Trading update third quarter 2022

In the third quarter of 2022, revenue was up 17.1% on the previous year. This growth in revenue was entirely organic. Cumulatively, revenue was up 32.5% over the first three quarters of 2022.

Total revenue breaks down by segment as follows:

Sales Q3 2022

In the Netherlands, revenue rose by 14.8% in the third quarter compared to the same period last year, putting total revenue growth for the year at 31.1%.

With this growth rate, we are amply outperforming the market in the Netherlands. According to Foodstep’s definition, the market grew at 30.5% over the first nine periods (weeks 1 to 36). Based on that same definition, Sligro Food Group’s revenue was up 42.5% over the first nine months (weeks 1 to 39).

In Belgium, we saw revenue rise by 43.5% in the third quarter compared to the same period last year, putting total revenue growth for the year at 46.7%. While we do not have unequivocal market figures available for Belgium, our market observations lead us to be confident that we are also amply outgrowing the market in Belgium.

Compared to pre-COVID levels (2019), revenue for the group as a whole was up (Q1: -15%, Q2: +4%, Q3: +6%).

Inflation continued to rise during the quarter, albeit less steeply. We compensate for that where possible and pass the remainder on in our prices, which are up by around 8% cumulatively as a result.

Download Trading Update Q3 2022

Would you like to receive press releases of Sligro Food Group in your mailbox?
Please sent an e-mail with your name, address and e-mail to Charissa Kleij: ckleij@sligro.nl