Revenue for Sligro Food Group N.V. for 2023 came in at €2,859 million, an increase of 15.2% compared to the €2,483 million in revenue in 2022. 8.8% of the increase was organic.
Read more in the press release below.
Sligro Food Group will publish its full annual results and annual report for 2023 prior to the opening of the stock exchange on 8 February 2024.
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Sligro Food Group N.V.’s 2022 annual report (in Dutch) was published on 6 February 2023, in line with the information in our press release of 2 February 2023 on the 2022 annual figures.
The English version was published on 8 February 2023.
Click here for the annual report website
Revenue for Sligro Food Group N.V. for 2022 came in at €2,483 million, an increase of 30.8% compared to the €1,898 million in revenue in 2021. In the fourth quarter of 2022, revenue was up 26.8% on the previous year.
Read more in the press release below.
Sligro Food Group will publish its full annual results and annual report for 2022 prior to the opening of the stock exchange on 2 February 2023.
Would you like to receive press releases of Sligro Food Group in your mailbox?
Please mail your name, address and e-mail to Charissa Kleij: ckleij@sligro.nl
Revenue for Sligro Food Group N.V. for 2021 came in at €1,898 million, a decrease of 2.5% compared to the €1,946 million in revenue in 2020. In the fourth quarter of 2021, revenue was up 21.5% on the previous year.
Read more in the press release below.
Sligro Food Group will publish its full annual results and annual report for 2021 prior to the opening of the stock exchange on 3 February 2022.
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Please mail your name, address and e-mail to Charissa Kleij: ckleij@sligro.nl
A decrease of 18.7% compared with sales of €2,395 million in 2019.
Sales fell by 30.4% in the fourth quarter compared to last year. The entire fall was organic. Excluding the additional sales generated in the first half of 2020 from the acquisition of De Kweker (since July 2019), the cumulative organic decline was 20.5%.
Read more in the press release below.
Sligro Food Group will publish its complete full-year figures on 28 January 2021 before the opening of trading on the stock market.
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Sligro Food Group N.V.’s sales in 2019 amounted to €2,394 million, an increase of 2.1% compared with sales of €2,346 million in 2018.
Read more in the press release below.
Download Sales 2019 Sligro Food Group
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The complete full-year figures for 2019 will be published on 23 January 2020 before start of trading.
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On Thursday, January 23, Sligro Food Group presented the Annual figures 2019.
CEO Koen Slippens: 'After experiencing considerable pressure on operations and a globally disrupted supply chain in 2022, 2023 was all about restoring stability. Our basic service provision needed to become better and also more efficient, partly in view of the continuing steep inflation in costs. All things considered, we succeeded, with substantially improved and above all consistent average service levels and on-time delivery.
Our customers needed and continue to need good and reliable service more than ever and we see further opportunities for improvement in this area in 2024. After all, despite the on average great performance in 2023, individual customers experience suboptimal service from time to time, which may be a reason for switching suppliers. Our competitors also struggled with the same issues. We welcomed many new customers, but also saw some leave. On balance, the outcome was positive for us and we gained market share in both markets.
The market is in the grip of change and our customers are increasingly price-sensitive. This is no surprise, seeing as high inflation is confronting them with rising costs in virtually every aspect of their business model. Moreover,
many of our customers saw consumers increasingly pare back spending in the ‘out of home’ channel. As a result, we had to keep a tight rein on pricing policy and support our customers through services and product range choices so that they could continue offering acceptable menu prices despite the price inflation. We believe we amply succeeded but this issue is set to persist into the future and thus demands our continued attention.'
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Press conference / Analyst meeting
Comments on the annual figures at a press conference and an analyst meeting on 8 February.
11:00 AM: Press conference
01:30 PM: Analyst meeting
Sligro Amsterdam, Van der Madeweg 39
In our trading update of 18 April 2024, we will go into developments in the first quarter of 2024 in greater detail, and we will publish our interim figures on 18 July 2024.
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CEO Koen Slippens: ‘In the first quarter of 2022, the recovery of our sales markets in the Netherlands and Belgium continued to gain traction. In the subsequent quarters, our customers were happily operating at full capacity again as consumers resurfaced to enjoy their ‘newly regained freedom’ and flocked in droves to visit cafés, bars and restaurants, amusement parks and events.
Two years of COVID-19 led to a major disruption in the global supply chain, and that effect was compounded by the impact of the war in Ukraine. Like the rest of the market, we had to cope with shortages and scarcity in part of our product range. Where possible, we dealt with this problem by increasing our buffer inventories. Happily, we saw some improvement towards the end of the year.
The year was also characterised by scarcity in the labour market and bottlenecks in transport. In contrast to many sectors, such as public transport, aviation, healthcare and also the hospitality industry, which were forced by necessity to downsize, we chose to maintain maximum service continuity. We managed to achieve a very reasonable level of quality in our deliveries by using couriers and foreign drivers, but at a high cost.
Inflation increased by large increments throughout 2022. We were forced to absorb part of these costs, which impacted our bottom line, but to some extent the price increases were offset by efficiency improvements or passed on in our selling prices to our customers. Although most of our customers choose to pass on those price rises in their own prices to consumers, that seems to have had little impact on sales volumes in 2022, which remained very strong.
Despite all the challenges that 2022 presented, we are delighted with the recovery of the markets in which we operate and the gains we have made in market share. Our customers were able to focus on running their businesses profitably again and our employees showed their usual excellence by expertly helping our customers wherever possible. So, thankfully, we are again Moving forward together!'
Read more in the press release:
Press conference / Analyst meeting
Comments on the annual figures at a press conference and an analyst meeting.
11:00 AM: Press conference
01:30 PM: Analyst meeting
Sligro Amsterdam, Van der Madeweg 39
Presentation, 2022 annual figures
In our trading update of 20 April 2023, we will go into developments in the first quarter of 2023 in greater detail, and we will publish our interim figures on 20 July 2023.
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CEO Koen Slippens: ‘Our expectations last year regarding the impact COVID-19 would have on our markets and results in 2021 only partially materialised. On the positive side, when the restrictive measures ended, a pent-up wave of consumers in the Netherlands and Belgium started attending events and going to bars, restaurants, hotels, amusement parks and theatres again. On the negative side, and contrary to our expectations, the emergence of the Delta and later the Omicron variants prevented the strong recovery we saw in the summer from continuing into the second half of the year. Inconsistent decision-making, and the lack of effective action based on lessons learned on the part of the government did nothing to improve this.
Year-on-year comparisons are meaningless in view of the COVID-19 pandemic, however it is clear that we have gained market share in both the Netherlands and Belgium during the past two years. Our resilience as an organisation, rooted in a culture of entrepreneurship and resolute action, again proved to be a huge asset in 2021. We have immense respect for the way in which our colleagues and our customers effectively and speedily responded to each new development related to COVID-19. With that strong base in mind, we can look forward to the future with great confidence.
Measures to cut costs and constraints in our investment agenda ensure that we can maintain profitability at a lower level of revenue, and further reduce our debt position. We once again made use of the support programmes offered by the government this year. Due to the associated conditions, we are unable to pay a dividend for 2021'
Read more in the press release:
Press release, annual figures 2021
Annual report
We will publish the 2021 annual report in Dutch this morning. The English version will be available next week.
Presentation
Comments on the annual figures will follow today at an online press conference and an online analyst meeting.
The presentation is here available.
In our trading update of 21 April 2022, we will go into developments in the first quarter of 2022 in greater detail, and we will publish our interim figures on 21 July 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