Press release 16 March 2020
On 13 March 2020, Sligro Food Group has taken notice of a writ of summons issued by the consortium of Jumbo & Coop, ensuing from the transaction around the sale of EMTÉ in 2018.
Sligro Food Group dismisses such accusations out of hand. The allegations of the consortium lack a factual and legal basis. Sligro Food Group is confident that it will be successful in the legal proceedings.
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Veghel, 16 March 2020
On behalf of the Executive Board of Sligro Food Group N.V.
Koen Slippens, CEO
Rob van der Sluiojs, CFO
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The impact of coronavirus: tough, but under control
Today we published an update on the effect of corona on Sligro Food Group. We now read in various media that the information we gave about delivery turnover and EBITDA is related to the full fiscal year 2020. That is not correct. This concerns the period in which the corona measures apply to the catering industry.
In the press release, read the relevant paragraph as follows:
‘To combat the effect of lower sales, we immediately implemented a large package of measures to offset the decline in revenue by reducing costs as far as possible. Combining this with our use of support measures offered by government, we expect that in the months in which the corona measures in the catering industry are in effect our EBITDA will decline substantially but still will end up between break-even and slightly positive. If the market recovers, our profitability will also improve again'.
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Veghel, 19 March 2020
On behalf of the Executive Board of Sligro Food Group N.V.
Koen Slippens, CEO
Rob van der Sluijs, CFO
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The impact of coronavirus: tough, but under control
The necessary and understandable measures taken by the government to combat the spread of coronavirus have a major impact on our customers and thus our sales channels.
Our initial focus in recent weeks has been on the health of our employees and our business partners. We have consistently followed the government guidelines and will continue to do so.
At the same time, we have been focusing a lot of our attention on the business and economic consequences for Sligro Food Group, our customers and suppliers, looking both at the short-term measures needed to offset the loss of some of our revenue and at the continuity of significant programmes that are important now and will certainly be so during the recovery phase.
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Veghel, 19 March 2020
On behalf of the Executive Board of Sligro Food Group N.V.
Koen Slippens, CEO
Rob van der Sluiojs, CFO
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Annual General Meeting of Shareholders of Sligro Food Group N.V. to be held on 9 June 2020
In view of the coronavirus situation, it was decided on 13 March to postpone the Annual General Meeting of Shareholders (AGM) due to be held on 18 March 2020. Further to that postponement, it has now been decided to hold the AGM on 9 June 2020.
The notice of meeting, agenda and related documents will be published no later than 28 April 2020 in accordance with the statutory notice period. .
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Veghel, 3 April 2020
For the Executive Board of Sligro Food Group N.V.
Koen Slippens, CEO
Rob van der Sluiojs, CFO
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Read the full trading update Q3 2024
Trading update third quarter 2024
Sligro Food Group N.V. generated €730 million in revenue over the third quarter of 2024, up €25 million or 3.5% on the revenue of €705 million posted in the third quarter of 2023.
In the Netherlands, we saw revenue development recover in the third quarter. After a mediocre second quarter, conditions were more favourable in the third. Revenue development was also driven by the increase in tobacco sales on the back of the shift from the retail to the petrol channel due to a change in tobacco legislation.
In Belgium, it looks as though the greatest impact of revenue losses due to all the changes we have implemented is now behind us. Over the past quarters, hard work has gone into setting up an IT platform and logistics infrastructure in Belgium to be able to offer our customers there, like in the Netherlands, the benefits of an integrated and nationwide delivery network. This was a major programme that involved some temporary inconvenience for our customers. We now have the foundation in place for professional and efficient operations, which will benefit both our customers and Sligro itself, making this a key milestone. As the third quarter progressed, the revenue drop compared to last year levelled out and we returned to attracting new customers. While we reached that point later than expected, we are pleased to see these first signs of recovery.
Veghel, 17 October 2024
Read the full trading update Q3 2024
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Acquisition of part of Simon Loos’ transport activities completed
Sligro Food Group N.V. reports that the transaction for the sale of Simon Loos Transport B.V.’s current transport activities for Sligro Food Group to Sligro Food Group Transport B.V. and Koninklijke Euser B.V., as announced on 1 December 2023, was completed successfully today.
This means that the transport activities for the Sligro Delivery Service sites in Amsterdam, Berkel en Rodenrijs and Drachten have now been transferred to Sligro Food Group Transport B.V. The transport activities for the sites in Vianen, Vlissingen and Sluis have been transferred to Koninklijke Euser B.V.
Open here the press release in PDF.
Veghel, 2 January 2024
On behalf of Sligro Food Group N.V.
Koen Slippens, CEO
Rob van der Sluijs, CFO
Tel. +31 413 34 35 00
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Sligro Food Group acquires part of Simon Loos’ activities
Sligro Food Group N.V., Simon Loos Transport B.V. and Koninklijke Euser B.V. announce that they expect to reach agreement on the sale of Simon Loos Transport B.V.’s current transport activities for Sligro Food Group to Sligro Food Group Transport B.V. and Koninklijke Euser B.V
As a result of this agreement, the transport activities for the Sligro Delivery Service sites in Amsterdam, Berkel en Rodenrijs and Drachten will be transferred to Sligro Food Group Transport B.V. and those for the sites in Vianen, Vlissingen and Sluis will be transferred to Koninklijke Euser B.V.
This transaction affects around 260 employees, with around 75% of these transferring to Sligro Food Group Transport B.V. and the other 25% moving over to Koninklijke Euser B.V. The proposed decision has no consequences for the terms of employment, employment situation or location of the affected employees. The works councils have each issued a positive recommendation on this proposed transaction.
Peter Appel, CEO of Simon Loos Transport: “For us, this decision stems from a strategic reorientation of our business going forward. Through this transfer, we are acting for the long term on our ambition to grow and direct our efforts most effectively towards our other business activities. We are confident that our staff are in good hands with our acquisition partners.”
Bas Euser, CEO of Koninklijke Euser: “It’s a wonderful, formidable expansion for us to join forces as a partner in business with our client Sligro Food Group and to take on this challenge. We are stronger together.”
Koen Slippens, CEO of Sligro Food Group: “This is a great step forward in our ambition to carry out part of our transport activities on our own through Sligro Food Group Transport. In our daily ordering and delivery process, it is our drivers who serve as the valuable last point of contact with our customers. In acquiring these activities, we are laying an important foundation for Sligro Food Group Transport.”
Open here the press release in PDF.
Veghel, 1 December 2023
On behalf of Sligro Food Group N.V.
Koen Slippens, CEO
Rob van der Sluijs, CFO
Tel. +31 413 34 35 00
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Charissa Kleij: ckleij@sligro.nl
Important step forward in Belgium
On Monday 23 October, we successfully opened our new delivery service location in Evergem (Belgium) according to plan. This move means that from now on delivery customers of our wholesale outlet in Antwerp will be supplied from Evergem.
This is an important step forward as Sligro transitions towards the new model for delivery in Belgium, which will see customers of Sligro, Sligro-M and JAVA Foodservice supplied from the nearest delivery service location.
As previously announced during the presentation of the half-year results and confirmed during our trading update of 19 October, we have adjusted the course of our approach to ERP implementation and the management of our Belgian activities. We have started rolling out the same ERP landscape as we are using for Sligro-M, and the opening of the new delivery service location in Evergem is the first step. In the coming months we will also switch the Sligro-ISPC wholesale outlets in Liège and Ghent over to this technology.
Veghel, 27 October 2023
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Read the full trading update Q3 2023
Trading update third quarter 2023
In the third quarter of 2023, revenue was up 8.3% on the previous year. Cumulatively, revenue was up 18.4% over the first three quarters of 2023, of which 11.9% was organic revenue growth.
Total revenue breaks down by segment as follows:
After a summer of mediocre weather, we saw consumer sentiment shift both in the Netherlands and in Belgium, as spending fell as a result of the economic climate and consumers’ uncertainty about their own financial position. This was also reflected in spending at restaurants and leisure activities. We are also seeing a growing number of bankruptcies and cessations of operations in the hospitality industry, causing volumes in the market to fall. Due to high inflation, however, revenue still increased.
In line with the market, our revenue was up, though our growth rate slowed down in the third quarter. The impact of inflation on our revenue is approximately 8% in combination with modest volume growth.
For the fourth quarter, we foresee continued pressure on sales volumes in our markets, stiff inflation and persistently high interest rates. Declining volumes will still be compensated by inflation, but this will, on balance, lead to pressure on our result. In combination with the impairment on our investments in SAP, as detailed above, our operating result (EBIT) for this year will be limited.
Veghel, 19 October 2023
Read the full trading update Q3 2023
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Sligro Food Group acquires Metro activities in Belgium
In the court-supervised restructuring proceedings for Makro Cash & Carry Belgium NV, the court in Antwerp today authorised the court-appointed judicial trustees to sell the majority of the Metro activities in Belgium to Sligro Food Group.
Sligro Food Group is taking over nine Metro wholesalers (Antwerp South, Wevelgem, Liège, Hasselt, Middelkerke, Namur, Sint-Katelijne-Waver, Brussels and Vorst) and around a hundred employees from the regional network and head office. In addition, staff from the Antwerp North outlet, which will not be taken over, will be offered a job at the nearby Sligro-ISPC outlet in Antwerp. The outlet in Evergem and the staff working there will be transferred to food service market wholesaler Van Zon. In this combination, 506 Metro employees are being offered job continuity and stability.
An amount of €47 million is being paid for the outlets Sligro Food Group is acquiring, which includes the Liège site property. On the day before the Metro activities are transferred to Sligro Food Group, the value of the remaining inventories and the available cash will be determined. The current inventories will be acquired at 75% of the net procurement value and the cash at the nominal value.
This transaction requires the approval of the Belgian Competition Authority (BCA). The BCA has already invested a great deal of time and energy in investigating the market consequences during the course of the court-supervised restructuring. On the basis of its investigation, the BCA has issued an ‘unconditional decision to grant an exemption’, which means that this transaction can go ahead immediately. The BCA will formally complete its investigation in the near future; at this time no significant obstacles are expected to emerge from this investigation.
Open the full press release here.
Veghel, 7 December 2022
On behalf of Sligro Food Group N.V.
Koen Slippens, CEO
Rob van der Sluijs, CFO
Tel. +31 413 34 35 00
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