Our annual net sales decreased by 18.7% due to the impact of COVID-19 on our sales markets. This resulted in a net loss of €70 million for the financial year.
Net sales of Sligro Food Group N.V. in 2020 amounted to €1,946 million, a decrease of 18.7% compared with sales of €2,395 million in 2019.
Sligro Food Group N.V.'s sales fell by 9.5% in the third quarter of 2020 compared with last year. The entire fall was organic.
The Group’s net sales in the first half of 2020 amounted to €943 million, down 16.9% on the corresponding period in 2019, driven by COVID-19. Accordingly, EBITDA declined by €29 million to €27 million.
On Thursday 23 July 2020, Sligro Food Group published the Half-year figures 2020.
Update on financing and dividends. We entered into constructive talks with our principal bank and USPP financiers as soon as our sales markets started to be hit hard by the government measures imposed in the Netherlands and Belgium to combat the spread of COVID-19.
